ARTICLES LABELLED WITH TAG Arco Real Estate

News Bulgaria’s residential market cools down in Q2 2023
22
Aug
2023

Bulgaria’s residential market cools down in Q2 2023

by Property Forum
The residential estate market in Bulgaria cooled down in Q2 2023, with a 15% decrease in the number of transactions compared to the same period in 2022. This was due to several factors, including rising interest rates on mortgage loans, inflation, and economic uncertainty. Buyers have become more prudent, not rushing into purchases, and often negotiating discounts ranging from 5% to 10% off the initial property sale price. These are the conclusions made by Arco Real Estate for Q2 2023.
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