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The purchase of residential properties in Sofia for investment represents a quarter of the total number of the real estate transactions

Nearly 8% of the capital residents intend to enter the property market in a period of up to two years.

 

A quarter of the housing purchases in Sofia in the next few years will be made for investment, according to a study by the real estate agency Antre.

 

This should lead to a possible increase in the number of the rental properties offered in the future. 44% of investors are looking for a one-bedroom apartment in the regions Mladost, Iztok, Lozenets, Vitosha and Center.

 

At the same time, a fifth of the consumers who have made an investment would like to sell it after the first year.

 

The research also shows that almost a seventh of the city's population is actively interested in what is happening in the property industry, and 7.8% of the capital's residents plan to enter the market in the next two years.

 

Over 40% of consumers who are interested in the property market are awaiting the right moment to enter it.

 

One of the main reasons is the discrepancy in the expectations regardingthe price levels. This is visible from the active buyer's budgets compared to those of the pending ones. The first group is ready to spend about 20,000 euros more than the second one, ranging from 50,000 to 110,000 euros and from 30,000 to 90,000 euros respectively.

 

For a home for a private use buyers the most attractivedistricts are Geo Milev, Mladost, Iztok, Gotse Delchev and Dianabad. In the coming years, the secondary market sellers are expected to be active mainly in properties in the districts of Druzhba, Mladost and the central regions of Sofia.

 

The rents are expected to be held in the range of 300-400 euros for housing up to 80 sq.m.

 

The research was anonymous and was conducted in December 2017 by an external consultant among 1625 users in Sofia.

 

Antre started its activity in March 2016. In 2017 they received the Consumer Award for "Best Real Estate Web Site" in the ranking of Imoti.net.

 

Source: investor.bg

 

Date: 31.01.2018

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