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The housing market in our moves - one is still in vogue


Small size apartments, mostly new construction, high quality and good location at a price of 25 thousand have hit the real estate market in Bulgaria in early 2010 This indicates a market analysis in the first quarter of the year prepared by the Address property. Transactions in such homes represent 34 percent of total sales in the period. "Offering this type of housing decreases, and the construction of new buildings are not marked high activity at the moment. As a result, in the coming months in this segment trends can even turn around and demand for small apartments, to exceed supply, "said Kaloyan Bogdanov, Marketing Manager of the company. During the quarter came and other key market factor. About 9% of transactions concluded during the period were more than 90 percent external financing. According to information from customers 4% of sales are made entirely equity loan - mortgage loan, combined with the user without guarantors or borrowing from relatives. Relatively small amounts needed to buy today, creating conditions for the use of such schemes. As a rule, show courage and ingenuity to younger players who are optimistic about the future but have no savings, the company said. In the most general case, these are people who live years rent in Sofia and the monthly contribution to both their loan is now close to the rental price. Concessions continued to rule on the real estate market in the first quarter of this year. Negotiations to reduce the originally announced price are kept in 87% of cases. The average discount is moving around 3000 euros. Encouraged by bank ads, some sellers set higher property prices but should a buyer interested in them need not only to overthrow the price, but in many cases losing the deal. Statistics show that based on real transactions drop is maintained within approximately 5%. In some areas there is less tolerance, and in places slight increase caused by the emergence of the more interesting proposals slightly higher than average levels. During the period witnessed a deal worth 166 thousand euros for an apartment with an area of 136 square meters in Dianabad before Act 14 - a relatively risky and unimaginable until a few months before the deal. "... Although rare, such sales are realized by investors who gradually reduce the number of proposed apartments and advantageous position in the pass-out. Unfortunately, buyers do not face the one certainty that will motivate them to buy the normal price. Currently still buying mostly "very attractive" things, "said Tsvetelina Taseva, executive director of Address.

Published on 2012-01-10 16:48:23
Source: Investor.bg


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