Еntrepreneurial activity

Data shows that the growth in flats which were started in the capital for the first nine months of 2016 compared to the previous year is 26%. Unlike the started new projects, the growth in the closed deals in Sofia for the first nine months of 2016 to the same period in 2015 has slowed from 21% to 7%, i. e. there is more building than buying.
In such a situation of a significant increase in new construction, while at the same time slowed down the growth of transactions, investors have become more cautious and prepare preliminary serious researches before starting new projects, especially larger ones, state the experts. This advice is especially true for companies that have secured financing and will rely on sales of off-plan properties. The expectations of the agencies are that new projects will start, associated more with areas of southern Sofia as "Manastirski livadi", "Boyana", "Students` City", “Simeonovsko shoes”, “Dianabad”, "Iztok", "Vitosha", "Mladost", etc. According to the major real estate agents anywhere in the districts of Sofia, with good infrastructure, construction will continue at least for the reason that this year has been launched a large number of investment intentions.
According to leading ones in the businesses it is likely that the selling prices in most areas to slow its growth next year, but will remain positive values to 3-7%. There are situations where is possible big reducing of the offers, especially in areas where there is possibility of starting a high volume of new projects.