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Bulgarian Property Prices 10 Per Cent Up Before End of Year |
Property prices in the bigger cities in Bulgaria will rise with 10 per cent before the end of the year.
This was the consensus among real estate agents in Bulgaria, actualno.com said.
Property prices are going up daily and there is no reason in the near future for a dramatic decrease. There was still a large demand. For some of the offers there were three-four clients.
The highest interest was for apartments with a floor space of 60 to 70 sq m.
Prices for cheaper apartments would rise most over the coming months, specifically those in panel blocks and older brick buildings outside the central areas of the cities. Their prices would rise with about 10 per cent till the end of the year.
New apartments would rise in value with a smaller percentage. Newly constructed real estate would not become more expensive.
The specialists did not believe the market is afraid of a price balloon. The Bulgarian economy was growing, income was growing and the bank system was stable. Real estate in Bulgaria was cheaper than in most Central en East European countries.
