Bulgarian real estate market almost recovers in June 2020

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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