Residential prices of Property in Bulgaria - New House in Bulgaria for sale, Houses in Bulgaria, rise 10-15% in January and February 2007, a growth rate previously expected to be achieved over the full-year period, said local realtors. The market of Bulgarian Properties seems to have skipped the traditional January lull and business is as dynamic as December .
The momentum from the back-end of 2006 has carried over into the first months of 2007. The realtors said the buyers were still keen to take advantage of Bulgarian properties / New House in Bulgaria for sale, Houses in Bulgaria / prices which continue to lag EU levels. The same argument is used by sellers to jack up their price offers of Property in Bulgaria .
The experts concur there will be no downward correction in 2007 due to strong demand. According to some Property in Bulgaria agencies, new house in Bulgaria for sale and houses in Bulgaria have added 6-8% in eight of Sofia's residential districts. In addition to property in Bulgaria in the city center, the biggest increases were recorded in Krasno Selo and Lyulin.
The prices of the houses in Bulgaria in the center of Burgas rose from 800 to 1,000 euro/sq m. Brick and newly-built Property in Bulgaria - houses in Bulgaria , new house in Bulgaria for sale in Varna have appreciated by 5% so far in 2007. The price of pre-fab houses in Bulgaria , Sofia, Varna and Burgas is unchanged from the end of 2006. The local banks are adding to the pressure on houses in Bulgaria prices with the marketing of various lending and otherwise incentives. According to the lenders, they finance 80% of property in Bulgaria buys.
Bulgarian Properties, Property in Bulgaria - New House in Bulgaria for sale, Houses in Bulgaria , Bulgarian Properties PRICES UP 15% Y/Y IN 2006
New house in Bulgaria, houses in Bulgaria prices rose 15% year-on-year to an average 846.5 levs/sq m in 2006 versus 738 levs/sq m a year ago, said the national statistical authority.
The capital Sofia remains the most expensive houses in Bulgaria market with average prices adding 10% to 1,341.8 levs/sq m in 2006. Varna is a close second with 1,316 levs/sq m (+10% y/y), Burgas with 1,227 levs/ sq m (+5%), Plovdiv with 940 levs/sq m (+9%) and Stara Zagora with 915 levs/sq m (+18%).
Vidin, in North-western Bulgaria, was the most buoyant market of new house in Bulgaria for sale in 2006, appreciating by a hefty 65%. It is followed by Lovech (+48%) and Smolyan (+40%).
The price surge of Property in Bulgaria in Vidin is conditioned by the launched construction of a new bridge linking the Bulgarian city with Calafat on the opposite bank of the Danube river.
The boon for the Bulgarian properties market in Smolyan comes from its proximity to the booming Pamporovo ski resort where property in Bulgaria – Houses in Bulgaria fetch 800-1,000 euro/sq m.
Although the Bulgarian capital commands the highest prices of houses in Bulgaria , Bulgarian properties, property in Bulgaria in the cities in the greater Sofia area could be had for as little as 412 levs/sq m |
