Apartment Prices in Varna Up as Well
The average price of residential properties in Varna has risen by 25% for the first nine months of 2007 following the trend of increase in real estate prices in the whole country, analysis shows. According to brokers prices have been going up every month since the beginning of 2007. Properties in concrete blocks have gone up by 26% and the apartments in residential buildings – by 55%. Real estates in Varna’s Sea Garden are the most expensive, followed by realty in the Greek Neighborhood and the Sports Hall area.
Despite the fast increase rate in real estate prices in Sofia Varna continues to be in the lead in terms of property prices as the biggest difference is in the new construction.
The construction of malls and trade centers in the residential quarters of Bulgaria’s Black Sea capital has raised the prestige of these areas and respectively the prices.
Apart from the demand another reason for the soaring of the prices of new buildings is the increased requirements regarding the quality of the construction and the rising prices of building materials.
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Bulgaria plans to lift an obligatory 14-day quarantine from June 1 for travellers from most European Union countries, but not those states with the biggest coronavirus outbreaks, a senior health official said on Friday.
The quarantine will remain obligatory for travellers from Sweden, Belgium, Ireland, Portugal, Spain, Italy and Malta, the official said, as well as the UK, which is ...
'It is still not clear if there will be a cure for the coronavirus any time soon, but the pandemic itself has become a cure for the Bulgarian real estate market and has made everyone rethink their behaviour:
• Developers to be careful with pricing and the design of their new projects
• Banks to have higher requirements for their borrowers
• Vendors to thi...
We are slowly returning to our normal everyday lives and the Bulgarian property market is experiencing a growing demand and a rising volume of deals after the corona virus lockdown.
Here are the present market trends which mark the start of a new beginning for the property market in Bulgaria:
🔵 Technology stays with us to help us in the new reality! We will ne...
The average selling price of residential properties in Bulgaria's capital Sofia increased by 4.0% on an annual comparison basis in the first quarter of 2020, local company Bulgarian Properties said.
The average price of dwellings in Sofia reached 1,120 euro ($1,219) per sq m in the first quarter, the realtor said in a quarterly property market analysis published last week.