Sofia Property Prices Up 6%

[Charlotte]

Real estate prices in Bulgaria’s capital have increased by 6% over January-September this year, a regular Industry Watch report said Thursday.

But the highest increase has been seen in smaller and less popular locations, like the towns of Razgrad, Gabrovo and Haskovo. Properties there have become pricier by 10%.

Growth in home loans has slackened, as a result to restrictive measures by the Central Bank, BNB.

Although the number of construction permits is growing, the index for business climate in construction has declined as cement and iron fixture prices have been growing steadily.

The seaside city of Bourgas still tops the number of construction permits issued, the report showed.


http://www.imotibg.com/en/bulgarian-property-news/sofia-property-prices-up-6%25-enno92774.html

[Charlotte]

Residential Prices in Bulgaria Up 36% y/y


Business: 23 January 2006, Monday.

Prices of residential apartments in Sofia have reached the record-high BGN 1285,2 per square meter in the last quarter of 2005, data of the National Statistical Institute shows.

The rise in apartment prices countrywide over the last year is 36,6 %, the National Statistical Institute says.

Since the beginning of October till the end of the year prices of Sofia apartments marked an increase of BGN 28,4 per square meter. Prices levels, achieved in the residential market in Sofia, remained the highest in the country.

The average price levels of apartments on the middle market in Sofia stood at BGN 1222,4 per square meter in 2005. This marks an increase of over BGN 205 per square meter as compared to 2004 levels, when they reached BGN 1017,1.

Last year data confirms the trends so far - the capital Sofia, Varna and Burgas along the Black Sea see the most brisk demand and prices exceed BGN 1000 per square meter.

http://www.novinite.com/view_news.php?id=58201