Housing's Summer Euphoria

indeximoti.bg, 2007-08-26

     The summer start gave a new boost to the housing market. After the low demand in May inJune buyers became more active and apartment prices went up again. According to the different real estate agencies this led to a monthly growth between 3 and 5 percent.
     Thus the cumulative price rise for the first six months already exceeds 15 percent. Agents expect price rises to continue in the months to come and by the year end houses to add 10 per cent to their values.
     The fastest growing prices are the ones of small apartments. In the capital city central area their prices are from ERU 820 to EUR 2,950 per sq m. The last one stands for a 53 sq m apartments in the zone around the Doctors' Monument. In the same area of Sofia the maximum values for bigger apartments are EUR 2,700 per sq m.

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