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Ruse, Bulgaria is one of the cities with the largest increase in residential property prices in Bulgaria. Real estate property listing prices in the city increased by more than 5% on an annual basis for the first quarter of the year, with growth even higher in older homes (6.5%), according to data from the Bulgarian National Statistical Institute (NSI).
The increased prices are partly due to the fact that people in the city are looking to buy bigger homes. Professional agents share with Realistimo that their clients are mostly looking for larger apartments with an average home area of over 100 square meters, with 2 or 3 bedrooms.
Increased demand for real estate in Ruse
Amid the increase in real-estate prices, Realistimo reports a significant increase in the number of real estate transactions in the city.
According to the Real Estate Registry Agency in Ruse, just for the first six months of the year (January to June 2021) there were 2482 real estate transactions. This is an increase of 27% more real estate transactions compared to the same period last year.
Many residents in Ruse are using this information to publish their properties for sale in order to reach a deal at a better price faster. Low mortgage rates, as well as high inflation rates, make many people who would normally rent a home consider buying an apartment or a house.
More about Realistimo
Realistimo launched its Bulgarian real estate listings portal in Ruse in August. The portal publishes both properties from private individuals and the full portfolio of residential properties of the best real estate agencies in the city.
In order to fully complete the supply of real estate listings of apartments and houses, the platform also contains listings for auctions and public sales by private and state bailiffs, trustees in bankruptcy, as well as auctions of the Bulgarian National Revenue Agency.
Additionally, the platform offers a real estate blog with information on real estate transactions, information on loans, as well as all the important topics one needs to cover before taking the big step of looking for a new home.