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70% of the estate deals in Sofia go up to 40 000 euro

Submitted on Wednesday, 23 September 2009No Comment

Most of the real estate deals in the current market are with clients that have the money cash, says Teodora Dimitrova – manager of the Bulgarian and Romanian branch of the European network for real estates ERA.

Mostly, these buyers aim for underpriced estates. The average prices that customers agree to don’t go over 50 000 EUR.

Our analysis for Sofia in particular shows that 70% of the deals of our cash clients are within the 30 000 – 40 000 EUR price range, says Dimitrova.

According to her, people are currently very cautious and don’t take risks with bank loans if they are not sure in their long-term income. Banks have also tightened their requirements for clients that want a loan.

Traditionally, autumn is the most active season for real estate deals. As far as the internal market of real estates is concerned, the months October and November are the usual time to purchase resort estates and the like.

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