1/3 of home purchases are bank-financed.

1/3 of home purchases are bank-financed. The increased interest in new housing is driven by improved purchasing power. With a 5% increase in property prices on an annual basis, the average salary increase for Sofia compared to the second quarter of 2018 is almost 14%.

A large percentage of people looking to buy a property are heading for new construction, which is why almost 100% of the projects are sold before obtaining a permit for use. About 1/3 of the buyers rely on bank financing, according to the association.

"Buyers are increasingly paying attention to service spaces, especially those with easy access to the home itself. Nearly 80% of clients require storage space and a wet room when looking for a new home. This need is directly related to providing comfort for families, especially for families with children, ”adds a NASP member.

According to them, clients are more and more interested in the common parts of the building - they want to look at any of the already built buildings of the investor so that they know what they can expect for their future new home.