« Home | Bulgaria Fails to Overshadow France as Buy-to-Let ... » | Property in Bulgaria becomes more expensive » | Bulgaria's Capital, Seaside Top Property Prices » | Golf Course Tempts Property Investors Interested i... » | Bulgaria registers new property investment vehicle... » | Another Large-Scale Property Investment In Bulgari... » | EU Deputies Halt Demolition of Sofia's Roma Quarte... » | Ski resort Bansko bans construction, developers ey... » | Bulgaria Examines Coastal Construction Problems » | Newly Opened Malls Affect Trade Area Market In Bul... » 

Wednesday, August 02, 2006 

Bulgaria’s New Property Prices go up, Old Property Decreases in Value

Property prices in Bulgaria were beginning to stabilise, Capital newspaper reported.

The price of old property began to decrease due to the mass construction in bigger cities and in popular resorts.

Property prices went up by 4.7 per cent on the average during the first three months of the year, data of the National Statistical Institute said.

Until recently new and old property sold at nearly the same prices, Capital reported. Location, quality of additional works and the completeness of the project came as secondary factors.

In Sofia, Varna, Plovdiv, Bourgas and Bulgaria’s coastal resort supply already surpassed demand, which started affecting prices, Capital reported.

Despite the decrease the National Statistical Institute presented prices remain stable overall without great changes. Six cities registered price decrease in the second quarter of 2006, including Blagoevgrad, Kurdzhali and Plovdiv.

Source: Sofia Echo

Bulgarian Real Estate Blog

Welcome to the Bulgarian Real Estate Blog, offering the latest information on the rapidly growing Bulgarian property sector for international investors

email us 

RSS & email Newletter Subscriptions

My Yahoo

Subcribe now to our weekly email newsletter

Your email address:

Powered by FeedBlitz



Bulgaria Online Resources

Overseas Property Blogs

Overseas Property Legal Advice

Online News Resources for International Property

International Real Estate Directories

Foreign Exchange Providers

Overseas Property Finance

International Property Portals

Overseas Property Online Resources

International Property Agents


Powered by Blogger
and Blogger Templates