2007-06-01   |  Standart News

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.

  Read more news

Belle Epoque Beach Residence
French style beach–front residence in the popular beach resort of Lozenets on the Southern Black Sea coast. The complex is completely finished and fully operational. There is a special offer for Summer'2019 – guaranteed rental of 5% annually.
See More

Îůĺ Íîâčíč

Street Food & Art Festival in Burgas is a New Concept for an Urban Festival

Street Food & Art Festival is a new concept for an urban festival, its organizer Nikolay Todorov told Focus Radio.

The festival, held with the support of Burgas Municipality, is taking place in Burgas. More than 15 of the Best Street Food culinary artists in Bulgaria have been invited, Todorov said. "We are talking about mobile kitchens, kitchens on wheels, caravans, campers, truck... read more

13 August, 2019
Archeologists unearth church from 6th century near Gabrovo

An early Byzantine church, 20 by 10 meters in size, made from rock blocks and brick layers, with a floor lined with ceramic tiles has been discovered by archaeologists.

It has two entrances on the south and west sides and an interesting altar section, as it had benches where clergymen were sitting, as well as a bishop's throne in the central place, Professor Hitko Vachev said. He a... read more

13 August, 2019
Seaside Garden in Varna turns into large-scale arts and crafts exhibition

For the 23rd time the International Fair of Crafts and Arts “Bulgarika” will become a venue for a big number of artists and craftsmen. In the period August 1– 21, some of the best artisans in the fields of fine and applied arts, crafts and music will participate in it. Traditionally, the audience will actively participate in the fair as they will be able to take part in crafts or arts workshops or... read more

13 August, 2019
Staro Zhelezare village once again hosts Street Art Village Festival

Until the end of August, the village near Plovdiv is once again hosting Staro Zhelezare Street Art Village Festival.

The village itself has no more than 400 inhabitants. Every year the people behind this project – artists Katarzina and Ventsislav Piryankovi and students of theirs from Poznan, Poland, transform the place, painting and drawing on the walls of houses and fences.
... read more

13 August, 2019