Housing market in Bulgaria sees deals with real estate stagnant for years

Housing market in Bulgaria sees deals with real estate stagnant for years

Properties that have been "stagnant" on the Bulgarian real estate market for 8-10 years due to high prices demanded by the owners are now subject to transactions. Housing prices continue to rise, and the segment of houses near major cities remains active, Dnevnik daily writes, citing data from a real estate agency.

Prices continue to rise due to the activity of buyers. The reason is not only the low levels of loans, but also the progress of inflation, according to experts in the company. According to them, it is possible to stabilize prices soon.

"It is only in the last two months that we have seen a slowdown in the rise. This may be a sign that the steady growth will soon stop, but it is still too early to say whether this is a sustainable trend or a temporary phenomenon," the agency said.

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