The long-term consequences of the property market crisis are starting to be felt now, five years after its beginning. The oversaturation of supply and frenetic sales from the first days of the crisis did not reflect immediately on the market-business relationship. Many investors managed to somehow complete what they had started, although finding buyers and tenants took them much more time. But every analyst could tell you easily when the real problem would start – after the companies have drawn back from the construction business, the number of completed projects inevitably fell as well.
In the best-case scenario, between two and four years elapse from the creation of the concept construction project to its completion, which in principle puts the property market out of sync with the current needs of business and buyers. The result is visible – according to the analysis of the Foros company for 2012, the number of permits issued for construction of residential buildings is the lowest in six consecutive years, and has fallen with more than ten percent only compared to 2011.
Because of this difference between demand and supply it is expected that in 2013 prices of property will grow at a stable rate and each investment in property at the moment is showing good business sense. This makes the moment very appropriate to acquire your dream home, regardless of whether you want a village house or an apartment in a closed residential complex with green areas.
The latter is especially trendy at the moment, since it gives you freedom and space without you having to give up the event-rich daily life in the big city.
The secret of living well in the city is to be close enough to be comfortable and far enough to enjoy your peace and quiet. This is the idea of the Monteboyana complex at the foot of the Vitosha Mountain. The quality apartments for rent or sale are built with attention to detail and strict selection of material. Choose between the captivating sights of the city and the mountain from the panoramic apartments or the green yards of floor apartments and enjoy the functionality of two or three-bedroom apartments. The excellent infrastructure, professional property maintenance, quality landscaping and the children playground are additional advantages, and with amenities such as the already opened restaurant and the supermarket in development you can have all you need at Monteboyana.
Your own idea for construction project can easily come true with the appropriate partners. The services of companies such as Construction Management Group (CMG) will save you the trouble of project management and will help you find the best engineering and architectural solutions as well as to optimise your expenses. The company's expertise includes industrial, infrastructural, residential, energy and commercial sites in Bulgaria and Southeastern Europe. With the whole package of services you get support in the preparation of documents and permits, construction control, risk management and investment consulting.