Bulgarian Property
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Residential property Bulgaria - prices
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14.03.2008
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Source: novinite.com
Gains in prices of residential property in Bulgaria's 28 biggest cities and towns averaged 28,9 % in 2007 over the previous year, data of the country's National Statistics Institute (NSI) showed on Wednesday.
The average price paid for Bulgarian residential property last year in the areas covered by the NSI survey was BGN 1091,24/m2.
Capital Sofia, which boasts the highest salaries in the country, remains the nation's most expensive housing market in Bulgaria with an average price of EUR 927,10/m2, a 35,1% increase over the previous year.
The port city of Varna came in second, commanding an average price of EUR 901,20/m2, up by 33,9% over last year.
Third ranked the other major port of Burgas with average residential property prices at EUR 737,30/m2, posting a 17,5% surge over the previous year.
The residential property in Sofia district bottomed the ranking with prices as low as EUR 249,50/m2, marking an increase by 18,6% compared to the previous year.
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