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RESIDENTIAL PROPERTY PRICES IN BULGARIA UP 22.6 PER CENT IN FIRST QUARTER OF 2007

Tue, Apr 24 2007 09:47 CET 425 Views

The average residential property prices in Bulgaria for the first quarter of 2007 reached 988.2 leva per sq m, data of National Statistical Institute (NSI) showed.

The price increase is 9.3 per cent compared to figures for the last quarter of 2006 when the average price reached 904 leva per sq m, investor.bg reported.

Most expensive apartments in the first quarter of 2007 were offered in the coastal city of Varna, where the average price reached 1646 leva per sq m, or a 16 per cent increase compared to prices over the last quarter of 2006.

Sofia ranks first in percentage increase. Prices there reached 1588 leva per sq m, a 14.3 per cent increase followed by Bourgas, having average price of 1312 leva per sq m.

The highest increase of residential property prices was registered among the apartments offered in Turgovishte. The average price increased by 16.3 per cent reaching 810.6 leva per sq m.

Price decrease was registered in none of the Bulgarian towns. The prices of residential property increased at the lowest rate in Stara Zagora, by 0.4 per cent.

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