Increase in Sofia apartment prices after the mid of 2010
Experts say that year 2010 will be more advantageous for the purchase of apartments in Sofia. They predict that after the middle of the current year, people should expected an eventual increase in the Sofia property prices. That is why clients who have cash are in a strong position and can negotiate better prices with the developers before that moment comes.
During year 2010, investors should focus on Sofia apartments that are already built, because the off-plan properties still hide a very high risk not to be completed in the coming years. Experts further say that in recent years in Sofia has been more advantageous to rent apartments, but with the decline in the prices of the studio and 1-bedroom apartments now, it is more prudent to buy two or three-room apartment in Sofia and pay credit, instead of paying rent.
Most of the experts are predicting a slight downturn in prices for the first quarter of the year, however nearly all envision stability by the middle of the year with slow recovery thereafter. Experts believe that foreign property investors rather than lifestyle buyers will re-enter the market, as this is clearly an opportunity to buy at prices which are bottoming out and get a Sofia apartment for little money and long term return. Investors know that Sofia is one of the last capitals to go into recession and therefore will be the last to come out, so they keep your their eyes open for the soon to arrive bottom of the market and take advantage of this.
