In 2012, the average asking sales prices for Bulgarian properties continued to fall slightly.

2012 was the fourth year in a row when residential property prices in Bulgaria edged down despite average decrease of below 5% in an year-on-year.
There are exceptions where the asking sales prices marked decrease of around 15%- for example in prime neighbourhoods such as the Doctor’s Garden.

Between 4 and 6% is the decrease of the asking sales prices in the most of Sofia districts year-on-year, according to Bulgarian House Ltd reports.
The fall in prices this time was not due to soft demand, but rather to the need of sellers to dispose of their Bulgarian property and get cash, as well as due to the limited budgets of the buyers.

Many Bulgarian developers remain flexible, willing to offer attractive schemes for instalment payment, finishing works or parking lots as well as rent- to- buy opportunity.

Property clients are careful and have high expectations from the developers. Few , if any, transactions are closed on the sales prices.