Expectations And Forecasts
Author: Michelle Tabakova
What to expect with Bulgaria joining the EU in the field
of real estates? This and many other questions every
investor interested in Bulgarian property market begins to
give on the brink of the accepting of Bulgaria in the
European Union on the eve of 2007.
What to expect with Bulgaria joining the EU in the field
of real estates? This and many other questions every
investor interested in Bulgarian property market begins to
give on the brink of the accepting of Bulgaria in the
European Union on the eve of 2007. Buyers, on one hand
hurried up to put in their funds as they were afraid of
drastic price rise.
Owners on the other hand - were reserved from selling or
they announced prices of estates much above their real
market value making it impossible to sell. If we take a
serious view, everyone played and everyone lost, because
the property market revived for a short period and then
after the holidays stood still in expecting the miracle.
Miracle with our joining the EU didn't happen, and there
is no way to happen. We should expect real market economy
in which conditions of the market are defined by the
searching and offering and not by someone's wish or
expectations. The forecast is property rise with approx.
10-15 %, after that a slight drop is expected, subordinate
to the real market mechanisms.
Prices will reach the European level faster than our
income, which to great extend is determined by the
presence of the foreign buyers on our market. Our
purchasing ability is defined by our earnings and by the
interest levels of the credits.
Changes will of course take place but they will rather be
in directing buyers' interests towards the vacation
settlements and rural properties. Orientation will be in
ecologically clean and pure regions close to big towns and
popular resorts, mineral springs and water basins. Clients
will pay more attention to availability of good
communication and developed infrastructure to the estates.
More people will be those who will consider a property
purchase not just as an investment but a necessity for
satisfying his needs and dreams for peacefulness and
tranquility among beautiful nature
On all aspects of investing in Bulgarian properties visit
our website for a huge resource of articles and the
largest and most diverse selection of quality Bulgarian
properties at ICBproperties.com
1On all aspects of investing in Bulgarian properties visit
our website for a huge resource of articles and1 the
largest and most diverse selection of quality
http://www.icbproperties.com1Bulgarian properties at1
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