Property near airport becomes market hit in Bulgaria

sofiaecho.com, 2006-12-01

     The lack of industrial, retail and storage area properties in Bulgaria's coastal city of Varna would make the area near Varna airport a property market hit, Real Estate Association of Varna said as quoted by Dnevnik daily. Areas there featured unoccupied agriculture plots, close to the city and to the roads, Dnevnik said. Several investors that would create working places were interested in the area.
     The region could become a huge industrial complex in the forthcoming years, Dnevnik said. The region was the best one in Bulgaria regarding transport connections. An airport, a port, a railway station, a ferry complex and two highways were located nearby.
     Nearly 50 per cent of the properties near Varna airport were for sale. Most of the sites were located on both sides of Hemus highway an were rather big, from 6000 to 25 000 sq m. The highest price was 52 euro per sq m. The average price in October 2006 varied from 30 to 45 euro per sq m.

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