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07.04.2008 Sofia Property Prices up 10-17% in Q1

novinite.com

Prices for diverse types of real estate property in Bulgaria's capital Sofia registered an average increase between 10% and 17% since the beginning of the year, a Bulgarian economic think-tank said.

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.

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LATEST REGIONAL NEWS
The First "Bile Fest" - Herbs Dedicated Festival Will Be Held on the St. Anastasia Island in Bourgas

12/June/2019
https://www.novinite.com

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

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Latest News
New 64,000 sq.m of Office Space in Sofia

28/May/2019
novinite.com

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

LATEST REGIONAL NEWS
The French BiC Opens a Service Center in Sofia and Employs 200 People

07/June/2019
novinite.com

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

DID YOU KNOW?
The film Omnipresent is Bulgarias 2019 Oscar foreign language film nomination

21/September/2018
http://bnr.bg/en

Omnipresent, directed by Ilian Djevelekov, is Bulgarias 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