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About BulgariaBulgaria has existed for more than 13 centuries in Europe, linking East and West. Bulgaria remembers ancient civilisations and great people that wrote its tu
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Latest News
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Bulgarian coastal properties up in value by 12-15%
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Holiday homes along the Black Sea coast have recorded a 15 per cent mark-up, Teodora Dimitrova, executive director of ERA Bulgaria real estate agency, announced.
The number of seaside property buyers will continue to increase in 2008, she stated.
People from Russia and the Baltic account for the bulk of the buyers followed closely by British, Irish and Scandinavians. The number of transactions involving Romanians, Czechs and Polish is also increasing. Other nationalities, such as Spanish and Danish, will also start displaying keener interest in Bulgarian real estate next year, according to pundits' expectations. As far as residential property is concerned, prices this year have grown by 12 to 15 per cent, Dimitrova reported.
Mortgage loans have been the prime propeller of the market this year, accounting for more than 85 per cent of home purchases, she added.
Source: Sofia Echo
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| Added on : 07-12-2007 |
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