Home sales forecast to build across BulgariaAgents specialising in residential real estate in Bulgaria believe the year ahead will prove to be a turning point for the country’s housing market. According to those in the know market conditions suggest that more investors will be looking for property to buy in Bulgaria.
Property prices are expected to hold steady in the coming months experts believe the shortage of available stock will rule out any decline in residential real estate prices. It is rumoured that interest rates are likely to decline during the coming months which is expected to tempt buyers with cash reserves to come forward and choose investment property in Bulgaria as a better alternative to ordinary savings accounts. Agents believe the shortage of residential properties will be boosted by a rise in new home construction. Reports suggest that some developments currently under construction have had a high level of interest from buyers indeed sales for some apartment buildings in popular residential areas have already passed the halfway mark.