Martin Yanev, Managing Director of Smartbrokers:
16-03-2016

Martin Yanev, Managing Director of Smartbrokers: The level of building permits shall be returned in the years before the crisis.

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Bulgaria and the growth that we're reading in the real estate sector in terms of prices, it is good if we can trust the statistics, because outside of the major cities is difficult even to talk about the market.

The primary market for residential properties is concentrated in Sofia, said Martin Yanev, Managing Director of Smartbrokers in "In development" on Bloomberg TV Bulgaria.

“I wouldn't say that we're reading rising prices hammer. In certain places, in certain areas and the buildings will report a rise in prices. Where there is a shortage of housing is of course the market to be driven by a rise in prices. "

Investors are increasingly turning attention to energy efficiency. Prefers quality instead of quantity, but it all depends on whether the market will absorb what is yet to be built, which is not a little. For 2015. for Sofia are issued permits for the construction of residential buildings for 820 000 sq.m., for 6 500 housing units. Levels of building permits shall be returned in the years before the crisis.

The question of whether will not lead to overdevelopment of the city, Yanev said, "would have to have a vision for Sofia getting stuck in the city, as well as identity".

"The market for Office space also continues his trend of development. Lacking good class a office buildings. Predict new buildings that go 2016 to be filled. "

" Globalize the market of assets is not expected. Banks are more cautious, even though they are excess liquid, but also looking for quality projects in which to invest, and they are missing in Bulgaria, "added Dash

" Will continue to develop, will continue to build pretty buildings. 2016-2017 will be good for the real estate sector. "

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