Bulgarian real estate market almost recovers in June 2020

Cristian Hatis 1 Min Read

According to the Registry Agency (AB) data, cited by Capital.bg, 18.955 real estate transactions were registered last month, which is only 0.96% below the numbers for June 2019, when there were 19.139 transactions made.

By comparison, in March and May, the transactions were about 30% less compared to the same months of the previous year. And in April, the only full month of state of emergency, they collapsed by 55% on an annual basis.

In the second quarter of 2020, the activity in property purchases in Bulgaria decreased by 27.8%.

For the period April – June, the least affected were Sofia and Varna markets. In both cities the decrease was 17.2% in Sofia from 7.670 to 6.352 deals, and in Varna – from 3.271 to 2.709 deals. Next is Plovdiv with a drop of 19.4% (from 3.703 to 2.988 trades).

In Sofia, in June, 2.990 transactions were recorded, compared to 3.041 in the same month a year earlier.

Three of the six major cities saw an increase in the number of transactions in June compared to the same month of 2019.

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