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Residential Market Overview H2 2020

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Residential market H2 2020
  • The supply in mid-plus and high-end residential market registered a marginal growth of 1% in the second half of 2020, and 5% year-on-year. Thus, the total number of residential units in this segment exceeded 11,100.
  • Despite difficulties and limitations due to pandemic, 2020 had similar dynamics to 2019 in terms of number of completed transactions. The property types that were purchased most often were houses and apartments with 2 or 3 bedrooms.
  • Average sales and rental price remained stable. The gap between asking and purchase price varied depending on whether the property was ready for use or under construction. The average discount was 3% in 2020.

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Residential Market Overview H2 2020

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Related Experts

Svoboda Kodjamanova

Manager Residential Services | Bulgaria

Sofia

Svoboda Kodjamanova started her career in Colliers International in 2002 as residential property consultant. She has been involved in sales, leasing and tenant representation servicing for various MNC, diplomatic institutions and NGO’s. In 2017, after diversifying her professional experience working for other employers, she rejoined Colliers as Manager Residential Services.

Prior to that, between 2008 – 2013, Svoboda was part of the Bulgarian subdivision of AFI Europe as Sales and Marketing Manager. She was responsible for direct sales, marketing and client negotiations for the company’s current developments in Bulgaria. Later in 2013, Svoboda joined ECE Projectmanagement Bulgaria as Leasing Manager, focusing on management and coordination of retail space leasing of two major shopping centers in Sofia: Serdika Center Sofia and Mega Mall Sofia. She worked there for 4 years.

 

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Adriana Toncheva

Senior Consultant | Bulgaria

Sofia

Adriana Toncheva joined Colliers in October 2008 as Market Researcher and member of the marketing team. Her primary responsibilities are data collection and analysis, processing and carrying out market research surveys, writing various real estate market reports. Adriana is the person to turn to for accurate and updated data and analysis regarding various topics, not limited to real estate. She supports internal clients with corporate presentations and reports, customized to their specific needs and requests. Among her major projects are the implementation of the Net Promoter Score program, Colliers Bulgaria Client Follow-up program and Integis. In 2014 she received Colliers Bulgaria Service Excellence Award for business support functions.

 

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