There is a slight shrinking of the real estate market in the country during the third quarter of the year. According to latest expert data, despite the expected increase in interest rates and in inflation, housing prices are still going up because demand is higher than supply. That is the reason why there has been a significant rise in real estate prices over the past year.
A National Real Estate Association survey, conducted in the Southeastern part of Sofia shows that buyers are predominantly in the 24-54 age bracket and prefer new building property. Half of the young buyers use credit with 10-30% self-financing.
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