In 2010 the Bulgarian real estate market continued to be under the pressure of the global economic downturn but showed first signs of recovery. The residential market went down in terms of issued building permits, completed residential buildings and price levels, but the number of residential property deals started to
grow. In the four major cities – Sofia, Plovdiv, Varna and Burgas the prices of homes fell by between 10% and 19%.
In 2010 retail space supply in Bulgaria grew almost five times compared to 2009 as large shopping centres opened doors in all major Bulgarian cities.
In 2011 the Bulgarian real estate market will continue to recover as market representatives expect transactions across almost all of its segments to increase, driven by the expected improvement of the country’s macroeconomic and microeconomic indicators.