Sofia property selling tips in time of crisis
In times of crisis every person in Sofia city that has financial difficulties and a real estate property wants to sell, however making a bargain out of this is not easy at all since the supply of Sofia residential properties exceeds the demand. In this moment of global crisis, the Sofia apartments buyers are very cautious during the selection process and quite aggressive during the price negotiation. People who remain strong in this Sofia flat buying policy are the ones that take advantage of the crisis opportunity.
The most important Sofia property qualities are their functionality and good location. The access has always been among the other crucial factors as well. When the apartment in Sofia is being bought to be rented out, then the area should also be consistent with the demand on the market. Another important factor is the parking and whether the flat comes with a parking lot or not. In recent months the Sofia property investors are also paying attention to buildings with high energy efficiency. Further important is the option for professional management of the specific Sofia property, since usually the owners do not have enough time to take care of this.
In general, the Sofia property buyers still avoid investing in unfinished, off-plan apartments. There is a recorded drop in prices in the neighborhoods of Lozenets and Borovo, where the prices vary from approximately 800 to 1300 Euros/sq.m. The downtown zone of Sofia also has reduction of apartment prices. This area is very attractive for foreign investors who intend to rent the apartment they are investing into.
