The negative trends in Bulgaria`s real estate market will continue at least until the third quarter of 2010, a property report of the "Foros" agency reveals Tuesday.

Due to the unstable economic situation in the country there are no expectation for changes in the investment climate while price decrease, low demand, low sales, lack of foreign buyers and limited bank crediting are to continue at least until mid-2010.

The only difference, according to the report, is that in the first three quarters, the supply of residential units will continue to go down, leading to a short-term balance between supply and demand. In 2009, in Bulgaria`s largest cities, home sales went down an average of 39%, but currently the supply is still larger than the demand.

In the third quarter there are expectations for new residential projects to appear and revive the real estate market.

The number of finalized sales in the first half of 2010 will go down 10% - 13% compared to the same period last year when 87 459 sales were concluded in Bulgaria - a staggering 35% less that January - June of 2008...

This News is listed at news.Guide-Bulgaria.com

house for sale Cherkovo 60 m2 € 17500

house for sale Varna 65 m2 € 34000

house for sale Elhovo 144 m2 € 25500

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