What characterises new construction in Bulgaria at the moment?
Today new projects are the most sought after, as during the crisis the investors have stopped building and now there is a hunger for such properties. It is hardly a coincidence that such properties are sold out while still in construction. The crisis made the market healthier. The investors are now stricter in application of the laws, they improved the quality and their requirements towards the projects. Buying off-plan property today is the best decision, both for investment and for living. You have 1-2 years to pay, and also a bigger choice of sizes and locations, and lower prices per square metre.
Are off-plan deals safe today?
During the construction boom 10 years ago, many clients suffered from buying off-plan from companies without experience and history. The time largely filtered out the players. The stricter control in issuing construction permits, the banks' higher loan requirements, the decreasing number of development plots and the citizens' active monitoring of illegal construction stipulate that on the market today have remained mainly big and serious construction companies. The current growth of off-plan deals and the significant demand for such properties suggest that bad investors might appear again. The lower prices and the desire for a good deal, however, shouldn't fool the buyers. That is why it is very important to work with an experienced company, which knows the investors on the market and their history.
NEW APARTMENT IN VITOSHA NEIGHBOURHOOD - THERE ARE 3 REASONS TO SAY "YES":
- preferential off-plan price
- Austrian standard quality
- guaranteed construction
Sofia, 32G Cherni Vrah Blvd
phone: 0883 97 79 79