It’s 2023 — when real estate prices are expected to decrease?

Real estate prices in Bulgaria have been on the rise in recent years, with demand outstripping supply in many areas. However, there are some signs that the market may be cooling off, and some experts are predicting that prices could begin to decrease in the near future.

One of the main factors driving this trend is the slowing economy. Bulgaria has experienced strong economic growth in recent years, but there are signs that this growth is beginning to slow down. As the economy cools off, demand for real estate is likely to decrease, which could lead to a decline in prices.

Another factor that could contribute to a decline in real estate prices is the increasing supply of new properties on the market. As more and more developers build new homes and apartments, there will be more options for buyers, which could put downward pressure on prices.

Finally, the strong growth in real estate prices in recent years has made it difficult for many people to afford to buy a home. As prices begin to level off or decline, more people may be able to enter the market, which could help to further drive down prices.

Overall, it seems that real estate prices in Bulgaria are likely to decrease in the coming years, although it is difficult to predict exactly when this will happen. Some experts are predicting that prices could begin to decline as early as next year, while others believe that it could take longer for the market to cool off. Regardless of when it happens, a decline in prices could be good news for buyers who have been priced out of the market in recent years.