Off Plan Property in Bulgaria Sellers Await

A week before the end of 2006 the residential market of Off Plan Property in Bulgaria went wrong again - first supply of apartments under construction shrunk, and later the secondary Off Plan Properties in Bulgaria market joined the trend when a major part of owners withdrew their offers for Off Plan Houses in Bulgaria or just put on higher tags.
Are the pre-European expectations for the future price rise of Off Plan Property in Bulgaria or growing demand during the second half of the year the reasons? The answer is both. The results are from EUR 50 to EUR 100 more expensive square meters in the lower end of the market in most cities and regions.
In one of the preferred neighborhoods of the capital city, Losenets, the lowest price Off Plan Property in Bulgaria for a ground floor pre-fab apartment is EUR 700 per sq m. And only a month or two ago there were still offers for Off Plan Property in Bulgaria of EUR 590 per sq m. Such examples can be found in almost all residential districts of Sofia, not only for the pre-fabs, but for the old monolithic construction as well.
In another buyers' favorite - Ivan Vazov, the low supply of Off Plan Property in Bulgaria end is EUR 970 per sq m, a price for Off Plan Property in Bulgaria - standard brick masonry apartment of 72 sq. m, without improvements. In the beginning of this autumn such apartment in the area could be found in the lower end at about EUR 700 per sq m. But then there were about 100 offers while currently on the market of the Off Plan Property in Bulgaria there are less than 40 apartments.
The situation with Off Plan Properties in Bulgaria - Off Plan Houses in Bulgaria and new developments is similar. Despite the growing volumes of Off Plan Properties in Bulgaria - Off Plan Houses in Bulgaria and new projects (for the period Jan. - Sept. 2006 construction permits for about 4.5 million sq m of new buildings have been issued in the country delivering about 36,000 new units), the supply dwindled to just a few apartments in every area. This trend took over almost all of Varna Off Plan Properties in Bulgaria market where currently there are no sales offers of new construction Off Plan Properties in Bulgaria in most city zones