The outlook in the coming months is for the rate of price growth to slow down as some wavering and cooling of buyer interest above certain price levels is already being felt.
In addition, it should be noted the stabilization of material prices and the activation of sales of new construction projects. “We expect that with the balancing of the market, better supply will also appear on the secondary market, as now is an excellent time to sell and more and more owners are realizing this,” says Polina Stoykova MRICS, executive director of Bulgarian Properties.
In the coming months, changes in loan interest rates will have to be carefully monitored, which, although expected to increase, will hardly feel this change this year.
Inflation will clearly be difficult to control and with interest rates remaining low, it will continue to affect the housing market in a positive direction – keeping demand at high levels.
More and more economic analysts are predicting a slowdown in economic growth and entering a period of recession, and these concerns are gradually shifting the focus away from inflation. If these predictions turn out to be true, there will inevitably be an impact on the activity of the real estate market.
However, this will come with a delay in Bulgaria. We are still in a growth period here at the moment. GDP data in the first quarter indicated 5% real economic growth, and positive growth is expected to continue, albeit at a slower pace. Therefore, we can conclude that the housing market remains positive, at least in the short term.
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1.5
Assessment 1.5 from 13 voice.
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