Property prices in Bulgaria will grow by no more than 10 per cent in 2008

propertywisebulgaria.com, 2007-10-20

     Sofia is the most attractive Bulgarian city for investments according to www.propertywisebulgaria.com poll. Sofia is pointed out as an investment hotspot by 26.67 per cent of the people that took part in the poll.
     Average asking sales prices in some areas of Sofia have increased by nearly 20 per cent in the first half of 2007, says Colliers Bulgaria in its new Residential Market Overview. The report shows that the average asking sales prices in emerging neighborhoods in Sofia are approaching the 1 000 euro/sq m mark.
     Meanwhile, established areas in Sofia such as Doctor's Garden, Ivan Vazov, and Lozenetz saw solid double-digit growth levels in the first half of 2007 and prices reach 2000 euro a sq m.
     Investors are turning away from traditional invsetment destinations such as Varna, Bourgas and Bansko - 18.10 per cent of the people asked said neither of these cities is the most attractive for investments. Varna is third - 17.14 per cent think Varna is the most attractive city to invest in.
     Bansko holds fourth position with 17.14 per cent of the votes, followed by Bourgas - 15.24 per cent. Only 6.67 per cent think Plovdiv is attractive for investments.
     Property prices in Bulgaria will grow by no more than 10 per cent in 2008, specialists say. Although Bulgaria will feel a relatively faint ripple effect from the property market crises in the United States and some European states, it will not remain completely unaffected.
     The year-on-year price hikes of 15 to 20 per cent that have been typical of Bulgaria so far are likely to remain a thing of the past. All in all, property prices in 2008 are expected to grow no more than double the inflation.

Latest news about Bulgarian property market

Property Articles - RSS Feed

     The "Property articles" RSS is the section for Bulgarian real estate news. Specialists of Bulgarian Property Ltd. work up the information in Bulgarian newspapers, other edition, and Internet and arrange all articles that touch the area of real estate and themes close to it. We can without extrapolation say that we supply our customers and visitors of our web site with latest and most actual press info.