The prices of holiday real estates will fall

The real estates market in Bulgaria is generally stable towards the world’s financial crisis but still there are signals for decreasing of the interest for holiday properties. The reasons are mainly the reduced external demand and appreciation of the bank loans, indicates an analyze of property market. The withdrawal of the British clients from this sector probably partly will be compensated by new investors from Russia and Greece.
The market of residential properties in Bulgaria is characterized with comparatively high levels of direct ownership on the part of households. In spite of this quick accumulation of wealth and the aspiration for higher standard of life, these will be the main factors for demand which will have the biggest influence in the future.
23 May 2008
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