According our Bulgarian property market research and contacted with real estate agencies we found that the global economic downturn will have a positive effect on the Bulgarian market in 2010.

The prospective buyers of second home in Bulgaria or a flat will benefit from the crunch, and collapse in prices, and will be able to secure a good deal. Accordingly this will make the real estate market considerably more flexible that it was in 2009. In the last quarter of 2009 were processed more deals. The stimulus has come from real estate losing an average of 20% of its value.

According to analytics to another real estate agency the housing property prices in Bulgaria will hit rock bottom by the middle of 2010. Before picking up the prices will stabilize and rising again is expecting at the end of 2010 at least with 10%.

The port city of Bourgas topped the chart with 155 new buildings approved, followed by Sofia with 150 and Plovdiv with 143. The most Bulgarian apartments, however, would be built in Sofia-773, followed by varna-604.