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24.07.2009 Statistical Institute: Bulgarian Property Down by 21.9 Percent
Svetoslav Metanov, Trud Daily, vol. 200, 24.07.09
In the period April-July 2009 the average price of real estate in the country was 1074.98 BGN (about 550 EUR) as prices have fallen in all towns and cities around the country.
The data is based on actually concluded apartment deals in the regional centers in the country. In the last three months alone property prices have fallen by 9.7 percent, NSI data show.
The Black Sea city of Varna continues to be in the lead in terms of high prices. The average market price per square meter there is 1827 BGN (934 EUR); Sofia is second with 1745 BGN (892 EUR) per sq.m. and Bourgas is third with 1471,67 (753 EUR) per sq.m. The lowest property prices are in the town of Kyustendil - 540,85 BGN (277 EUR) per sq.m. and in Vidin, Kardzhali and Silistra the square meter costs less than 700 BGN (358 EUR) and in Sofia region – less than 600 BGN (307 EUR), NSI data show.
In the second quarter of 2009 compared to the first quarter property prices have decreased as follows: in Rousse and Vratsa – by 14.4% and by 14.3% respectively, in Plovdiv – by 14.1%, in Bourgas - by 12.3%, in Pleven - by 12.2%, and in Sofia - by 11.9%.
According to the new NSI data property prices in the town of Pleven are already under 1000 BGN (511 EUR) per sq.m. Prices in Stara Zagora and Plovdiv are also expected to fall below that level in the third quarter of the year. Traditionally, the deals during the summer months are fewer and prices decrease. According to experts the market is expected to become more dynamic at the end of the year if the economy shows signs of stability.
Properties in Bulgaria - Average Price Decreases and Discounts in 2009
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21/July/2011
BULGARIAN PROPERTIES
The 14th edition of the ever popular International Jazz Festival in Bansko – Bansko Jazz Fest - will take place between August 8th and August 13th in the resort of Bansko, like every year since its founding in 1998. Bansko Jazz Fest is the biggest summer music festival in Bulgaria. Its great popularity among musicians and fans from all over the world has turned it into one of the most important cu... read more
14/December/2011
BULGARIAN PROPERTIES
Bulgaria’s credit perspective is positive, say Moody’s Investors Service. This is due to the resilient growth and further fiscal tightening. Moody’s credit outlook analysts Kristin Lindow and Renzo Merino point out that the tight fiscal policy stance of the Bulgarian government led to the country having the only sovereign rating upgrade in the European Union since the global crisis began in 2007.<... read more
20/February/2012
bulgariaski.com
A lot of snow, music, shows on the ski runs and a real constellation of famous stars - this is how Bulgaria's top ski resort of Bansko looked before the start of the World Ski Cup.
The legendary skier Alberto Tomba arrived in Bansko just a few hours before the ski race. Tomba first arrived in Sofia and was transferred to Bansko by a helicopter. Bansko also welcomed half of the mem... read more
20/March/2012
www.propertyshowrooms.com, 19 March 2012, excerpt
The value of real estate in Bulgaria has fallen by approximately 50 per cent since its peak in 2008, with both ski and beach resorts hit the hardest by the downturn in the market.
This is according to chief operations manager of Bulgarian Properties Polina Stoykova, who explained that,... read more
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