"First line" properties are already in the history

We will not see major changes in the property market during 2012. For now it will remain a constraint to some extent. The uncertainty in the Euro zone plays negative role in the real estate market. Having in mind the slow and uncertain recovery, the property market has been growing relatively favorable. We expect property prices in 2012 to achieve a minimum annual decrease of 3 to 5% and volumes of bargains will remain similar to those during 2011. "This is the conclusion of the leading real estate companies in the first six months of this year.

Activation may occur in the third quarter of 2012 and in the Black Sea areas. Factors for this are not only summer travels but also lower prices of the tickets from Russia to Bulgaria during August and September. This is confirmed from the increased number of viewing requests for the late summer and early autumn.

The question remains what will happen with the bigger holiday properties. Whether, despite the fall in prices, they will find buyers. The main customers` targets are small apartments of 30-40 square meters Buyer want furnished properties mainly, located in a complex with a good management.

It turns out that the fight of investors who were competing to build on "first line" was meaningless (at least to date). Today these properties are difficult to sell because they are more expensive, and customers prefer to buy something cheaper and the fact that apartments will be far from the shore, does not bother them at all. More bargains that are concluded are about at 30 000 EUR and rarely exceed this amount.