Thu, Feb 09 2012
Average residential rental prices in Sofia rose by nearly four per cent between the beginning of June and the end of August 2007, according to Industry Watch (IW) research.
Small apartments in Sofia had the highest rental price per sq m, investor.bg reported. The selling price per sq m of small apartments is higher than that of large apartments.
Small apartments are preferred in both the cheap and the more expensive market segment, given that costs such as heating make it more expensive to live in a bigger apartment.
Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.
Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.
Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.
Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.
Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.