Bulgarian Property Estate Agents
Bulgaria’s property market continues to appreciate overall as residential prices in Bulgaria’s 28 biggest cities showed an average 5.4% growth in the second quarter of this year, according to the country’s National Statistics Institute (NSI). Year-on-year, prices rose by 27% with the average price for a property in Bulgaria now standing at BGN1,041.1 per sqm.
The NSI reported that the popular tourist city of Varna is still the country’s most expensive area, with prices rising by 3.9% in the second quarter of this year to 1,710.3 per sqm. Sofia also experienced moderate growth (3.8%) where the average cost of a residential property is now 1,647.8 per sqm. The town of Vidin, situated on the banks of the Danube - 200km north west of Sofia, recorded the highest rise in property prices (23%) and now sits at 739 per sqm.
Bulgaria’s second biggest city, Plovdiv (5%), the Black Sea port of Burgas (4.1%) and the Danube town of Russe (10,9%) all experienced growth recording prices of 1,103.2, 1,366.7 and 1,182.7 per sqm respectively.
The only town where no growth was recorded is Targovishte - where prices haven’t changed since 2006.
Related News
The Pari Daily newspaper reports that there is more than enough property for sale in Bansko, but interest in buying there is slowing fast. The newspaper also said that the property market in the ski resort has stagnated since the beginning of 2007, with millions of Euros worth of investment being blocked.
It has also been reported that estate agents have been closing their doors as prices drop to between €500 - €900 per sqm. The nearby town of Razlog has also been feeling the affect, with agricultural land near a famous golf club being offered at €20 - €50 per sqm – with no takers. Pari also reported that the number of construction permits issued in Bansko has decreased for the first time in the last two years with some investors, who already hold permits, not starting to build (although a moratorium on new building permits in the area was introduced in January
- Related Videos
- Related Articles
- Ask / Related Q&A
Condominium Buyers: Your Checklist for Buying Condos
By: Katrina | 29/11/2009Living in condominiums is not much far from living in a single-family dwelling or even an apartment. However, there are certain points that a person should consider before making the purchase.
Seven Hills, Georgia : Nothing Trounces This Place Whole Year Round
By: Jason Cantrantz | 29/11/2009For Georgians, nothing will ever amaze Lake Arrowhead. It bids a heaven of purely outdoor recreation with a very discrete positioning All year through. Each and every season, Seven Hills, Georgia supplies you a distinct beauty. It may be about the weather condition or the season, but to be straight,...
When Banks Reject Your Offer on a Short Sale
By: Katrina | 29/11/2009Things you should know when you get rejected and how to get your lenders to say yes on the second attempt.
Qualifying for the Best Mortgage Rates
By: Lokesh | 29/11/2009The key to obtaining the best interest rate against your housing loan is to have a healthy credit score. The credit score information is collected and processed by the three credit rating agencies in the United States. It is in your best interest to have a healthy and respectable credit history which is reflected in your credit score.
Over 55 Communities: Benefits for the Old Age
By: Katrina | 29/11/2009Since there is always that special place that everyone wants to have during retirement, certain kind of communities were built to make retirement happier and the perfect place to be at old age. Over 55 Communities is just one of them.
Inexpensive Updates Before You Sell Your Home
By: Katrina | 29/11/2009Every homeowner, who intends to enter the home selling endeavor, should find a way to make their homes stand out against its competitors. But how to make this happen, especially if the competitors are located within the same area. The best thing to do is make updates to one's home.
The Perfect Time to Move in Bigger Homes
By: Katrina | 29/11/2009It is expected that, moving up would likely come in later years, where job is more established or when entering a married life. When you come to this point, you will definitely think of finding bigger and better places. You may want to have additional rooms and more living spaces to improve the quality of life for every person living in that property.
Buying New or Old - What's the Best Choice
By: Katrina | 29/11/2009Old homes? New Homes? Which one should you be buying? It can be confusing, especially when both types are available in the market.
Sun, Sea and Sand
By: Jolis Eltilib | 01/03/2007 | Exotic LocationsMuch of Bulgaria’s appeal as a tourist destination rests upon the coastal region, with it beautiful white-sand beaches
Bulgarian Mountain
By: Jolis Eltilib | 01/03/2007 | CampingEvery Bulgarian mountain has its own characteristic appearance, fascination and charm, whether it is snow-capped peaks and soft green slopes or cool forests carrying the aroma of herbs and wild fruit.
Buying Process in Bulgaria
By: Jolis Eltilib | 01/03/2007 | Real EstateOur team in Bulgaria is available to assist English – speaking buyers in person, showing properties, areas and providing valuable information about the country
Investment Opportunities
By: Jolis Eltilib | 01/03/2007 | InvestingBulgaria is an up-and-coming country, both in general economic terms and as a tourist destination. Natural attributes such as a warm Mediterranean climate, beautiful coastline,
Bulgaria the Riviera on the Balkans
By: Jolis Eltilib | 01/03/2007 | TravelSituated in south-eastern Europe, in the heart of the Balkans, Bulgaria has everything going for it as a resort destination: a worm climate, beautiful scenery,
Borovets – a Winter Retreat at the Foot of the Highest Balkan Peak
By: Jolis Eltilib | 01/03/2007 | TravelOnly 73km from Sofia, lays Borovets, the biggest and the oldest Bulgarian ski resort. It was established in 1896 and since then it has become a very popular ski destination on the Balkans. Situated in Rila Mountain, at 1,350m above sea level, Borovets offers a dramatic scenery. It is located at the foot of peak Mousala (2,925m), the highest mountain summit on the peninsula, attracting mountaineers from the entire continent.
Pamporovo – It’s not Just a Resort It’s a Legend
By: Jolis Eltilib | 01/03/2007 | TravelThe famed resort of Pamporovo lies in the heart of the mystical Rhodope Mountain, a place of breathtaking beauty which has become the source of many legends going back into the millennia. According to Greek mythology, this mountain was the home of the mythical singer Orpheus. It was the beauty of this place that inspired the poet to crate his art.