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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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Experts say Bulgaria’s entry into the eurozone does not automatically drive property prices upward, although the market remains under pressure. Polina Stoykova, executive director of BULGARIAN PROPERTIES, told NOVA NEWS that the market has cooled slightly in the second half of the year, following the initial surge in buyer interest after the announcement that Bulgaria would join the eurozone on Ja...
We’re wrapping up the year with confidence, professionalism, and a new era of real estate technology!
November shaped the final picture of 2025 – a strong, dynamic month with an active property market preparing for the euro and an important innovation: we launched our smart AI property search, now helping buyers and sellers connect more easily than ever!
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Are you tired of searching the old way? Try something new on our website!
BULGARIAN PROPERTIES announces the launch of a revolutionary new feature on its website —an AI search engine with natural language processing that allows users to search for properties by describing what they need in words.
It understands the meaning of what is written and returns the most accu...
As autumn is in full swing, the real estate market in Bulgaria remains stable and active in anticipation of the eurozone entry.
Property prices continue to rise, and interest in new-build projects remains strong, especially for modern complexes with guaranteed quality. The year also appears to be one of the strongest for a rise in demand for rural houses which are offered in quite ...
