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Should we buy a property during a crisis? What are the prices, forecasts and economic factors. “The market is stable and there is nothing to push it. There will be a 10% rise in real estate prices on an annual basis,” Hristo Spasov, manager of a real estate agency, told Nova News. acceptable.
“There is already an ‘inflation tax’. It insures against hyperinflation, which I don’t see possible. There has been a 20% increase in demand for property since the start of the war in Ukraine,” he said.
For his part, Eng. Lyubomir Kachamakov, Vice President of the European Federation of Construction Industry (FIEC) and Chairman of the OP of BCC – Sofia said that the prices of materials have risen by 30-40%, and the process has not stopped.
“The real percentage for the construction itself will be well over 10%. We expect the price of high-rise construction to be increased by 30 to 40%. That is why we are trying to index our contracts where possible,” he said.
Against this background, Alexandra Yancheva has focused on buying a home in Varna, and for her, in addition to the price, the location is also important. She is impressed by the rise in property prices in the sea capital.
“There is definitely inflation and depreciation, which pushes me to buy a property, because I see where my money is actually invested and there is no way to melt it,” she said.
The growth in property prices is between 5 and 10%, but demand is still strong. Brokers report that now is one of the best times to buy a property.
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