07.04.2008 Sofia Property Prices up 10-17% in Q1
The price increase can be attributed to the brisk demand by well-off people and insufficient supply, Lachezar Bogdanov from Industry Watch explained.
Property prices in the capital are expected to continue their upward march and their annual growth by the end of the year is forecast to range between 10% and 20%.
According to Bogdanov the investors' interest is high in developments in the big cities, particularly in the capital Sofia and the Black Sea town of Varna, which register the highest residential property prices.
The capital Sofia, which boasts the highest salaries in the country, benefited from the real estate boom and recorded the highest rise in prices last year - 25%, reaching an average price of EUR 835/m2.
View all our offers in Sofia
Read more news
The island of Saint Anastasia will welcome guests with folk rituals for health and fertility in the first edition of the "Bile Fest", a heraldic festival, announced Burgas Municipality.
More than 50 participants will take part in the event with herbs and healthy foods, curative extracts and ointments, and will show the authentic ways of preparing them.
The accompanyin... read more
64,000 square meters of new offices were put into operation in Sofia in the first quarter of the current year. Thus, the percentage of vacant areas is slightly higher - from 9.5% to 9.8%. Major clients continue to be IT and BPO companies.
A high percentage of office buildings that have been put into operation have managed to find their tenants before they open their doors. Because o... read more
French company BiC, which specializes in the production of pens, lighters and razors, plans to open a service center in Sofia, where about 200 jobs will be opened. This will be part of the company's BiC 2022 - Invent The Future plan, the official announcement of the company said.
The opening of a center in the Bulgarian capital is part of the second phase of the program aimed at inc... read more
Omnipresent, directed by Ilian Djevelekov, is Bulgaria’s foreign language film nomination for the 2019 Oscars, the National Film Centre has announced.
The plot of the film is centred on Emil, a writer and owner of an advertising agency and his obsession for spying on his family, friend... read more
All photos, texts, video clips, charts and banners on our website are property of our company or of our partners and are protected by the Copyright Act of the Republic of Bulgaria. Any unauthorized use of photos, texts, videos and other materials from our website by third parties will be subject to immediate claim on the part of the copyright owners. The information on our website is with information and advertising purposes. Alhtough we have made all efforts to provide accurate information, there may be some mistakes. For full and correct information is considered only the information received at the offices of Bulgarian Properties Ltd.