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Property professionals back upfront homebuying information reforms

A survey of 300 property professionals found broad support for proposed requirements to provide more information before a home is marketed, with 77% expecting the reforms to improve transactions.
3 min read · Bulgaria Building Editorial
Upfront property information could reshape how buyers and sellers prepare for a transaction
Upfront property information could reshape how buyers and sellers prepare for a transaction

Property professionals have expressed strong confidence in proposed reforms aimed at making key homebuying information available earlier in the sales process. In a survey of 300 industry respondents, 77% said they believed the changes would bring positive results.

The poll focused on attitudes towards upfront property information requirements and their likely effect on transactions. The proposals would shift more relevant details to the beginning of the buying process, rather than leaving buyers and sellers to uncover issues later.

Support for earlier disclosure reflects a wider concern across residential markets about avoidable delays, uncertainty and failed transactions. While the survey does not assess the specific design of any future rules, it indicates that many professionals see value in a more informed process from the outset.

For buyers, sellers and agents in Bulgaria, the findings offer useful market context rather than a direct indication of domestic policy. Property transactions still depend on local legal checks, documentation and professional advice, but clearer information at an early stage can help all parties identify potential issues sooner.

The findings were reported by Property Wire.

Source: Property Wire