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The prices of apartments and offices in Bulgaria increased by 10 percent over the first three months of 2007, but they will continue going up, real estate agents say. Yet, real estates in Sofia are among the cheapest in Europe, and this is why the city is still attractive for building entrepreneurs and investors. In fact, since the beginning of this year the investments in real estates in Sofia have grossed three hundred million euro (about six hundred million levs).

"The revenues to the Municipal Budget from building permits alone reached fourteen million levs for the first four months of the year," Sofia City Chief Architect Petar Dikov told The Standart.

For comparison, the revenues from building permits for the last year were only half a million levs.

Real estates in Sofia currently sell at eight hundred up to a thousand and two hundred euro per square meter.

In their survey on the real estate prices in Europe, the experts from the Global Property Market write that the banks are the chief reason for the still comparatively low prices of real estates in Bulgaria. The high interest rates on housing loans discourage many Bulgarians from buying homes. And although the conditions on the mortgage loans offered by the Bulgarian banks are improving gradually, they are still worse than the conditions of the West European banks. The lowest interest rates on mortgage loans in Bulgaria range between 5.9 and 6.25 percent.

The real estates in Sofia, Skopje and Chisinau are for now the cheapest, selling duly at 1,200, 1,125 and 917 euro per square meter. Moreover, these are the prices of real property in the central parts of the three capitals.

View Properties for Sale in/near Sofia.

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


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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Brits rate Bulgaria among the best holiday destinations for value

The Sun, Samantha Lock


IT'S a good time for Brits to book a cheap holiday as prices plunge in many popular and unexpected travel hot-spots, a nation-wide travel report has revealed.

The Bulgarian resort of Sunny Beach on the Black Sea Coast offers UK holidaymakers the best value for money, while mainland Spain continues to entice tourists with its beaches, culture and c... read more

The Television Tower Will be Open to Sofia Residents and Guests


The television tower, located on "Dragan Tsankov" Blvd, will be open to Sofia residents and guests.

It offers views of the capital from 106 meters high. The facility is located on the boulevards "Dragan Tsankov" and "Peyo Yavorov" and was opened in 1959 and has 14 floors.

The television tower is privately owned and is now open to designers.

According to... read more

Which are the 20 most Powerful Brands on the Bulgarian Market in 2019?


When consumers wonder what brand to buy, Bulgarian consumers are mainly guided by the opinions of friends, not the famous people who use a particular brand. This shows the results of a GfK study in Bulgaria as part of the global Superbrands program for 2019.

Participants were 2095 men ... read more