10.5% is the average return on newly bought housing and office areas, according to an analysis of an international real estate firm for the last one and a half year.
Compared to the profitability of the properties in other cities, in Plovdiv it was by 2.5 points higher than in Sofia, by 4 points higher than Varna and slightly about that of Burgas, reported NOVA TV. The reasons behind this are the introduction of large international companies which actively seek first-class properties, lower sales prices and the relatively stable rental levels.
The attractive locations of the newly constructed business buildings and housing cooperatives are also of importance, because the city is one of the fewest that has the potential to grow. If today you buy 2 - bedroom apartment at a good location, its price is likely to grow by 10%, compared to the beginning of the year, gives an example the manager of International Real estate agency Milena Hristova.
According to other agencies in the field of return the newly bought housing by the end of the year may reach up to 20%. "We have a huge influx of foreign investors. There is great interest in the city since the possibilities of Sofia, Varna and Burgas have been exhausted "said the owner of a national real estate agency Svetozar Vassilev.
The greater construction of new housing cooperatives also can not meet the needs of Plovdiv's market. Until now, large municipality has issued over 120 permits for construction and luxury apartments are sold even before they are built. The price of new housing ranges from 640 to 1800 euro per square metre. An increase in their price by 15 % has also been noticed since the beginning of the year.
What is now radostno market for real estate is that there is one stability in the growth of prices. Since the beginning of the year seen a 10-15% increase. It is expected that this trend should be maintained and by the end of the year.
According to a broker with the introduction of Euro in our country the price of the real estate will sharply rise and this will inevitably affect the purchase. Increasing interest on the loans also reflect negatively on the market.
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