Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES: Property deals increased by 3.3%

Property sales in Bulgaria increased by 3.3% in the second quarter of 2013, compared to an year earlier, according to the Bulgarian Registry Agency data.

A total of 55,716 property sales were concluded in 2Q 2013, as 30,391 were in the regional cities (55%). The rise in sales in the regional cities is 5.26% on an annual basis.

On the background of an overall slowdown in the sales increase in the second quarter of 2013, the three largest cities in Bulgaria reported double-digit increase, while in Sofia the rate of sales growth has even accelerated compared to the first quarter, when it was 8.5%.

In the capital Sofia the sales increased by 11% year-on-year. This once again confirms that the capital is one of the most popular cities to buy property in uncertain times. In the past 3 months in Sofia a total of 5,087 deals were concluded, while last year for the same period there were 4,585 deals.

The property market in Plovdiv, which was among the leaders in terms of growth in the first quarter of this year, continues to develop more dynamically than in other major cities. In 2Q 2013 the sales in Plovdiv increased by 20% year-on-year.

In Varna the increase in property deals is 10.5% in the second quarter of 2013. Total for the first half of 2013 the property sales rose by 11% year-on-year, which compensates their decline in the first half of 2012.

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