Buyers think in the perspective of expanding the family.
The demand for three-bedroom apartments in Sofia is increasing and already reached the share of the two-bedroom apartments, data from consultancy companies show.
Two-bedroom apartments are becoming more attractive to customers looking for their first home and need a larger property with a family-friendly perspective. Thus, the three-room apartments become the first choice for a home of almost 30% of the agency's clients, statistics show.
The growing and stable incomes that young buyers in Sofia have today stimulate them towards a strategically new choice - choosing a larger home that will meet their needs after 5 and 10 years. They are aware that their family may soon increase and therefore want to secure their comfort from now on without having to carry over after a certain period of time. Taxes on transactions in Bulgaria also have an impact on the buyers' reluctance to enter a short sales and purchasing cycle when it is not a transaction but a property for living.
These buyers most often look for properties in the new quarters of Sofia around the southern arc of the Ring Road with more reasonable prices - Krastova Vada, Manastirski Livadi and Vitosha. Their average budget is 140 thousand euros.
In the prestigious "Iztok", "Izgrev", "Lozenets" and the center of Sofia, the prices of the two-bedroom apartments reach prices of 300 thousand - 350 thousand euros. In Mladost average sales prices are about 150,000 euros.
Companies have tended to sell fully furnished homes in recent months. Especially in three-room apartments, it is assumed that customers have spent a larger purchase amount and their property expectations are rising.
According to experts, the so-called double deals - owners sell their present apartment and buy another, generally more expensive property. Here the reasons are two - increasing the quadrature or improving the quality of life.
In both cases, these are typically families with children - 80% of clients with similar transactions.
Almost all apartments with more than one bedroom are bought for private use, not an investment. Experts expect the interest in three-room housing to stay at least until the end of the year.