News is continuously prosperous for those investing in Bulgaria. While the country has been named one of the best markets for 2007 and 2008, additional information helps to back this up.
The average price of residential property here, per sq m rose by the most significant number possible. Most saw a much less jump in value. As reported on Monday, the Kapital Weekly investors say that Bulgaria residential property reached 1090 leva for a sq m. This rise in value, over 840 lava in 2006 was a 30 per cent jump.
Additional good news is also reported. The number of deals on property investments also rose in 2007 substantially. The numbers, which are up 10 per cent, are seen as an outstanding indication of the demand for property here. Also, Kapital Weekly says that the amount of time that it takes for property to sell has dropped. Now, from the time the apartment is offered for publication and until the deed is signed has dropped to below one month. This too is considered a strong indication of the soaring property market in the country.
For 2008, most investors believe that the current rate of increase will slow, but that there will still be continuous growth seen here. Many see this as the case because of the lack of housing and the increased demand here.
