A little more than 40% of the transactions realized since the beginning of the current year are with own funds. Of the purchases made with credit, nearly half are with a bank loan, covering over 80% of the value of the transaction. The remaining 50% of people using a mortgage have taken out a loan for 30% to 80% of the price of the property.
„Although banks are tightening lending in terms of criteria for borrowers, the amounts they lend are still serious. I.e. not everyone can take out a loan anymore, but people with sufficient self-participation and with stable incomes have no restrictions regarding the size of the loan, says Gergana Tenekejieva, executive director of "Adres Nedvijimi imoti".
A total of 24% of transactions in Sofia are for investment purposes, in Varna this is 21% of purchases. In Burgas, about 30% of the homes were bought for investment purposes, and in Plovdiv – 26%. According to ADRES consultants, after a short period of withdrawal of investment-minded buyers as a result of rising prices, today they are returning. These are people who have cash and prefer to invest it in a safe asset like property, even if their rental yield is not very high afterwards.
The most sought-after homes on the market continue to be the 2-room and 3-room apartments. They form over 75% of all transactions, and interest in both types is currently identical. A little over 5% of purchases in Sofia are at garages, the average price of which is 25,000 euros.
The average age of the buyer in Sofia is 41 years. The male-female distribution is relatively identical, and the customer's field of work is in the field of healthcare, construction, IT, trade, finance.
You can see detailed statistics on average property prices in Bulgaria by cities and neighborhoods HERE