Today Bulgaria not only offers one of Europe’s most attractive and unspoiled holiday destinations. During the last two years has been shown the phenomenal interest in Bulgarian property market by foreign buyers.


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HOUSING prices in Bulgaria’s regional centers rose 4.3 per cent in the second quarter of 2005 compared to the first quarter.


The average price for real estate stood at 730.5 leva per sq m between April and June, up from 700.5 leva the previous quarter, the National Statistical Institute said on July 21.


Bulgarian housing prices rose by 47.5 per cent last year to an average of 540 leva per sq m, but real estate brokers say price growth should slow in the next two years. In their view, the Bulgarian real estate market is stabilising.



Apartment prices were the highest in the Black Sea city of Varna. The average price there reached 1198 leva per sq m, down 0.2 per cent from Q1. Sofia, where housing prices traditionally have been the highest, came second with 1118.8 leva per sq m, a 2.5 per cent increase.


The Black Sea port city, Bourgas, was third with 1113 leva per sq m, a 4.1 per cent incease.

The prices of flats in Smolyan (Southern Bulgaria) increased the most, by 33.5 per cent to 553 leva per sq m, followed by Vratsa (North-Western Bulgaria), 24.6 % to 451.50 leva, and Kyustendil (South-Western Bulgaria), 17.4 % to 371.7 leva.

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