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Saturday, July 22, 2006 

Property in Bulgaria becomes more expensive

SOFIA (bnn)- The average property price in Bulgaria has risen with 1.6% in the second quarter, compared to the first three months of 2006, National Statistical Institute announced.

The reached level calculates at leva BGN 819.3/sq. m. (EUR 417.4/sq.m.; US$ 529.7/sq.m.). Six out of 27 regional towns mark significant growth in prices –2 -15%. Sofia estate has been the most expensive in the last three months – BGN 1322.7/sq.m.
(EUR 674 /sq.m.; US$ 855.2/sq.m.), followed by the seaside towns of Varna and Burgas.
The average price of estate in Bulgaria has increased with 36.6% in 2005 and is equal to BGN 738/sq.m. (EUR 376/sq.m.; US$ 477/sq.m.).

Source: Bulgarian News Network (BNN)

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