Episode 71 - Changes in the real estate market

The real estate market is always dynamic, undergoing constant changes and adaptations. In this article we will look at some of the key trends that shape the course of the market and will determine its future movements.

One of the main changes is the increase in prudence and care when buying property. The time taken to consider and choose is increasing, with buyers being more discerning, which can lengthen the buying process.

In Sofia we notice a decline in the number of transactions, although property prices are not drastically decreasing. Sellers rarely make serious reductions in their prices, most of them prefer to wait for a suitable opportunity to sell.

The BNB is introducing new measures that could restrict lending and affect the market. Stricter requirements for borrowers and restrictions in lending could reduce the number of property seekers.

Although Plovdiv continues to be the leader in terms of building permits issued, it should be borne in mind that not all projects will be implemented. It is important for developers to be informed and to align their plans with current market trends.

Interest in the real estate market remains high, but with a calm and reasonable approach. Stability and foresight are key to successful transactions in the dynamic real estate environment.

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