Sun, Jul 05 2009

PROPERTY SALE AND RENT PRICES IN BULGARIA'S CAPITAL EXPERIENCE DIFFERING TRENDS

Thu, Apr 12 2007 12:41 CET 209 Views

Apartment prices in Bulgaria's capital continued climbing in the first months of 2007. Rent prices, however, experienced different trends.

In bigger cities, rent prices increased gradually, 24 Chassa newspaper reported. In Sofia, some rent prices decreased, mostly for smaller apartments.

Price decreases vary from eight to 20 per cent. Similar percentage increase is registered concerning other types of apartments.

Monthly rents for one-bedroom apartments exceed 200 euro. In more luxurious districts, the prices are even higher. Some districts like Belite Brezi, Izgrev and Lagera registered a rent decrease for smaller apartments.

Price variations in the rent market hinder agents from drawing predictions and evaluating the condition of the market, 24 Chassa reported.

In most bigger cities the rental values remain much lower than the ones in Sofia. In the coastal cities of Varna and Bourgas, the monthly rents for two-bedroom apartments vary between 205 and 300 euro.

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