The real estate market in Bulgaria is now stable

The analyses of several real estate agencies indicate that there are more deals (increase of 11.31%), stable prices and minimum increase in rents (an average of 0.26%) for the first half of 2013.

Their opinions are confirmed by the latest data of the National Statistical Institute, according to which there is no difference in prices in the first and second quarter of 2013.

Despite the incipient revival, the construction activity is still weak and therefore the secondary property market continues to be a leading. This is why in the big cities there is a shortage of housing with good parameters, good exposure and functional distribution.

This is way the prices of similar properties are rising and the dwellings of the first and last floors and unattractive location are in the group with lower bids.

The buyers now tend to give more money for a property that meets their requirements for quality and parameters.

25% of the properties are offered at significantly above the market prices, because they were bought during the property boom.

90% of the buyers at the moment are concluding a deal because of the need of home.

Most desired are two and three bedroom apartments between 60 and 100 sq.m in Sofia, there is also interest and to three - bedroom homes with area up to 180 sq.m.

80% of the customers in Varna and Sofia are looking for brick buildings after 2002.

The gated complexes are also interesting for the buyers.

The prices which are considered as acceptable for the capital are about 80 000 euro, for Varna - 60 000 euro, and for Bourgas - 40 000 euro.

There is a growth of the residential property deals in the low price segment for the beginning of 2013. A total of four of five deals are concluded for homes worth around and under 50 000 euro.

The offers of most segments of the market continue to exceed the demand. The search is mainly for small and cheap apartments.

Rentals of one - bedroom home are within 130 - 220 euro per month, and 2 - bedroom available for 180 - 280 euro.

The estimates for the real estate market by the end of the year are that the prices will remain stable.