Thu, Feb 09 2012

PARTIAL HOUSE SALES DEMAND IN BULGARIA EXCEEDS SUPPLY

Mon, Aug 27 2007 09:03 CET

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Offering part of a house for sale is a real estate market segment that is better developed in smaller Bulgarian cities than in the capital.

According to research carried out at the request of investor.bg, property owners who want to sell part of their house are usually people who are not able to maintain the whole space.

Potential buyers are usually people who can not afford to buy an entire house. Others are businessmen who use the house's ground floor for a restaurant.

In many residential districts of Sofia and in larger towns, demand for such property exceeds offer. The average price varies between 300 and 1200 euro a sq m.

Varna is the most expensive town offering such a type of property. The high price was attributed to the fact that most of the property offered for sale was located in the ideal centre of the city.

Floor size varies between 100 and 200 sq m. A renovated house of 174 sq m located in the city centre could be purchased for about 170 000 euro.

There is a large choice of floors from houses offered for sale in the cities of Veliko Turnovo, Kyustendil, Pleven and Rousse. The average price is 550 euro a sq m ,except in Kyustendil, where the price slightly exceeds 300 euro a sq m.

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