28.10.2015 Property markets in the biggest regional cities in Bulgaria
‘There is an overall feeling that these city property markets are viable and with very good perspectives for future development. This has helped them attract the attention and return the trust of foreign and local investors and home buyers’, comments Polina Stoykova MRICS, Managing Director & Head of Research of BULGARIAN PROPERTIES. ‘Furthermore, the rental markets in the big cities in Bulgaria are developing quite well and this is an additional incentive for investments in residential and commercial properties’ adds Stoykova.
The market trends in the second biggest city in Bulgaria follow closely these in the capital of Sofia. We can see an increased activity in the residential property market in the city, as well as in other segments such as industrial and office space. In Q3 the increase of number of sales is 5% on an annual basis. The increased demand on the one hand, and the overall improved investment environment on the other, both have an impact on the construction activity and we can register an increased amount of issued new building permits and started new buildings in the city.
The average house price in Plovdiv based on real deals according to data by BULGARIAN PROPERTIES is 570 EUR/sq.m. and the registered annual growth is 4.5%.
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The property market in the biggest city on the Black Sea in Bulgaria is going through a renaissance. The average price at which residential properties are bought in Varna in Q3 is about 800 EUR/sq.m., an increase of about 6% annually. Varna is the only city in Bulgaria in which property prices are similar to those registered in the capital of Sofia.
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There is a 5% increase in the number of completed deals in Q3 on an annual basis in the second biggest coastal city in Bulgaria. The average property price for the period is about 600 EUR/sq.m.
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Today, Sofia hosts the international meeting of development banks from the Balkans and Central and Eastern Europe.
The event is organized by the Bulgarian Development Bank.
The meeting is linked to the new investment program of the European Union - InvestEU. It is based on the strategic investment fund of the so-called Juncker Plan, reports pariteni.bg.
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The summer months are edging ever closer and people across the world are getting ready to travel to a range of locations to enjoy some sunshine, a bit of culture and – perhaps most importantly – unwind away from the world of work.
Of course, Bulgaria has a lot to offer from a tourism perspective, but new research has revealed that one of its resorts, in particular, could prove to be... read more
On July 3 negotiations with the transport sector on the road toll fees continue. The new fees will be negotiated by the autumn of 2019.
The Bulgarian society and the Bulgarian transport sector and haulers are eager to learn what is happening with the new road toll system and when it will be officially introduced in this country. That is why the latest press-conference held on this t... read more
The largest nature park in the Dobrich region, which occupies an area of 700 hectares, is now accessible to visitors.
The animal world that can be seen in the park is impressive – hundreds of deer, over 250 mouflon, 50 pygmy goats, over 300 wild boars, birds, and other game species. In order to enjoy the animals safely, seven observation towers have been built for tou... read more