Property sales in Bulgaria jumped by 11% in the first half of 2013

The real estate deals have increased by 11% in the first 6 months of 2013.

The growth is mainly due to transactions with agricultural lands, which reached to about 2/3 of the total sales, as in the recent months they have raised the property market. Most buyers of agricultural lands are different foundations, which aggregating the bought fields and rent them.

The private Bulgarian producers are also massively interested in agricultural lands, there is also interest from abroad.

Increasingly noticed is the trend of small business owners who sell their land, as part of the funds received are converting into the purchase of housing.

The most wanted and most expensive are the fields in Dobrudja and in Central Bulgaria, which receive the highest yields, also their rents are highest. Quite a bit cheaper are farmlands in some of the southern areas, as Haskovo and Yambol.

It is expected in the coming months the property market to remain stable.

Towards the end of the year and at the beginning of the next, there may be more serious movement.

From the beginning of 2014 should fall the moratorium for the sale of agricultural land to foreigners and this could boost the interest for investment in Bulgaria.