2019 will be a maturing year for the real estate market

No decline or rise in prices is expected this year and the market and the economy as a whole are forecast to remain stable. 2019 will be the year of maturation of the real estate market and the accumulation of all the effects of previous years of catching up. According to Polina Stoykova in an interview with Investor.bg, the year will be surprisingly positive for the real estate market and the economy as a whole with the implementation of new projects in a reasonable time.

The buyers are very well prepared, the expectations of buyers and sellers are already very close, and this will cause a delay in the sale of some overpriced properties," says Stoikova. 2019 will be the year when real prices are realized and buyers and sellers are ready to strike a reasonable deal, she said. “I think that the year will be very favorable both for sellers, who will be able to sell their properties at quite high prices compared to previous years, and for buyers, because they will have a choice – new or old construction, https://hata.ug/46-hotels-for-sale projects in an advanced phase of construction ", added Stojkova.

The market is in the stage of stability
It does not provide for price cuts, but there will be no growth, rather the market, as well as the economy as a whole, will remain at a stable level. “Expectations for this year, although somewhat reduced, are relatively similar to those of the past. I even think that there will be surprises in this direction. From the first few months, we see that 2019 is moving more positively than last year. People who made a request back in 2016 at the start of the first new assembly projects in the current cycle are now buying. That is, they have looked at various projects, the property they liked is probably already under construction, and now they are making a decision to buy.

We see many examples of people who have either been looking for a long time or asking and buying right now, especially in projects where prices are good – from 850 to 950 euros per square meter,” says Stoykova.

His expectation, based on year-to-date sales, is that deal volume will pick up on strong growth in new build offerings, although this may be reflected in the statistics later.
quarter I predicted a market slowdown because all indicators started to rise at a slower pace, and this, together with https://hata.ug/283-commercial-land-for-rent the entry into force of a number of new rules such as the GDPR, made me think that the year would be difficult. We’re still talking about what happened last year and that’s why the news is dominated by slowdowns and slowdowns in construction and 2019 is already moving at a different pace."