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Saturday, December 09, 2006 

Varna Office Property Prices Highest In Bulgaria

Office property prices in Bulgaria's coastal city of Varna reached more than 2300 euro a sq m, Dnevnik daily reported.

Offices in Varna were the most expensive in Bulgaria, imoti.bg data showed.

Price of property in the city centre raised by 20 per cent if compared to the prices for 2005. The cheapest offices in Varna's most prestigious part costed 20 500 euro, or 661 euro a sq m, Dnevnik said.

A number of houses near the city centre were destroyed in the past several years and office and residential buildings were constructed.

Offices in construction in the centre of Varna costed from 850 to 1000 euro a sq m. Such property suffered from the lack of parking places.

Experts said that the office property demand would be focused on the big trade complexes in 2007.

Source: Sofia Echo

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