Consultants advise: buy a property now
The Bulgarian Sofia is a great place for sightseeing and shopping but also a good base for a short stay when you are heading towards the ski or the summer resorts of the country. To serve these clients, there are fantastic furnished apartments, all characterized with simplicity of the booking, value for the money they are rented at and full of services to make the stay pleasant. Good to know is that the capital Sofia is served by a number of low-coast carriers, giving access to the city from many parts of Europe. Part of these travelers come to Sofia to enjoy great food and vibrant night life, but others come to make a good investment, as the demand of apartments in Sofia is significant and the prices are very reasonable.
The statistics show that only for the first five months of the year, the prices of Sofia apartments have dropped with approximately twenty-five to thirty per cent, which stirred the attention of the potential buyers, even if they are not that fast in making a purchase decision. The supply of properties on Sofia market is very serious and goes above the demand, giving an option of the potential buyers to choose from a large number of good apartments with many extras and nice location. After the end of May, it seems that the buyers came back on the market but were very careful and took their time when making decisions. The realtors say that now is the moment to buy a property in Sofia as the supply is really amazing and the prices are very favorable.
Another important tendency is seen on the Sofia market as well, where the middle class and the foreign buyers who have completely disappeared from the market are now slowly coming back and seem ready to invest. These people were attracted by the reduced prices and the option to get a new home at a price that was unthinkable several months ago. In the majority of cases, these are managers, teachers and state officials, who are in their thirties and have saved certain amounts of money. This tendency is valid not only for the capital, but also for the smaller towns and administrative centres. Thanks to the money they have put aside, these people are looking for mortgages with monthly installments that could be easily afforded. The banks consider these buyers as stable clients, as their action is based on reasonable financial behavior.
