Requests for luxury real estates in Bulgaria increased rapidlyFor the last few years the real estate market in Bulgaria has changed a lot. Since the beginning of this year the demand for luxury real estate in Bulgaria increased,
and the amount of deals increased by 12%. There is an interest in real estate with an area exceeding 150 square meters. The real estate market clearly became more stable, and prices rose.
In connection with the great interest in larger areas of real estate, most investors reoriented, starting to build higher class real estate. Тhe demand of elite real estate exceeds the supply and therefore the price increase is unavoidable.
S.Georgieva - vice manager of real estate agency in Bulgaria in an interview for BGNES underlined: "The paradox is that poverty in Bulgaria is increasing in proportion to the demand for luxury real estate»
Among the foreigners, most interested in elite real estate are French and English citizens, but often Bulgarians working abroad also buy, mainly for their children or for themselves, hoping to return home someday.