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Knight Frank and BULGARIAN PROPERTIES about property prices in Bulgaria
Bulgaria ranked 16th in the world in decreasing prices on the real estate market, according to a report of Knight Frank consultancy. In the third quarter of 2012 the property prices in Bulgaria have decreased by 2.2% on an annual basis. Neighboring Greece is positioned at the bottom of the rankings, with 11.7% decline in prices year-on-year.
According to BULGARIAN PROPERTIES in 2012 the average price of sold apartments in Sofia was the lowest since 2006 – 720 EUR /sq.m. The average price of offered properties is 895 EUR /sq.m. Successful sales of properties in the capital have been gradually increasing. Data of Sega Daily shows that 3,300 properties were sold in the first quarter 2012 in Sofia. Over 4,200 properties were sold in the capital in the third quarter of 2012.
In July-September sales on the sea have increased by 30% year-on-year, while buyers are mainly interested in the southern coast of the Black Sea. Ski resorts also attract buyers’ interest.
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