Residential Prices in Sofia Bulgaria's Highest for 2006

Average price levels of residential properties on the middle market in Sofia remained the highest in the country last year, standing at BGN 1341.8/m2, data of the National Statistical Institute shows. This marks an increase of 9.8% as compared to the previous year. The Black Sea towns of Varna and Burgas confirm the trends so far as they see the most brisk demand and prices exceeding BGN 1000/m2. Varna follows closely the levels of residential property prices in Sofia with an average of BGN 1316/m2, up by 10% y/y. Third comes Burgas, where prices stood at BGN 1227 /m2, up by 8.9% y/y. The Danube town of Vidin marked the sharpest rise in prices last year, by an average of 60%. At the bottom of the price-ranking list are Sofia district, the towns of Kyustendil and Silistra, where buyers are asked to pay about BGN 400/m2.
6 February 2007
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