Bulgarian Housing Market Sees 9.0% Rise in Activity in 2013

Bulgarian Housing Market Sees 9.0% Rise in Activity in 2013

Bulgaria's housing market last year saw a 9.0% increase in sale deals, as some 14% of the total were investment deals, a local brokerage said.
In the capital Sofia some 10% more sale deals for residential property were concluded in 2013, Address Real Estate said. Plovdiv,  the country's second largest city, reported an increase by some 14%, followed by the port cities of Varna and Burgas with 13-14% higher activity.
“Truth is, real estate has never been more affordable in the last 10 years,” the press release quoted Address Real Estate CEO Georgi Pavlov as saying.
In Sofia, prices stayed stable at 658 euro ($ 893) per square metre (sq m), slightly up from 652 euro per sq. m. in 2012.

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