An excellent time to buy a Sofia apartment
Sofia property buyers are at the moment much more informed and selective than they used to be a few years ago. There are three main factors that today work in favor of the Sofia property investors which make the current moment an excellent time to buy a home. These factors include the a rich selection of housing offers, the owners willingness to offer flexible and advantageous conditions and of course, the housing bank loans. Studies showed that during the first quarter of year 2010, the average asking prices of Sofia apartments have fallen with an average of 3%.
The affordable bank financing is further activating the Sofia property market. There was a decrease in the interest rates on mortgage loans and the offered additional bonuses. Further to that, the developer companies compete with each other and are offering flexible proposals such as lease schemes with options for purchase, payment on installments, etc. This puts the potential buyers of residential property in an extremely favorable position.
Due to the market situation in the Sofia housing segment, the buyers are now much better informed and more selective. They are seeking for the optimal balance between price and quality of the property and are paying attention to the details and the materials used, as well as to the available infrastructure. The decline in the residential property prices, is expected to go on in the coming months, after that the increased demand and credit availability will help the market to stabilize prices.
