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Bulgarian property prices continue to rise

Article Date : Thursday, July 05, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Property prices in Bulgaria are continuing to rise, indicative of a buoyant property market and suggesting that there are lucrative opportunities in store for savvy investors.

The Bulgarian property market has shown positive signs of growth in recent times, continuing to attract a steady stream of investors to the emerging European hotspot. As such, property prices are rising accordingly.

Figures from Foros real estate agency show that residential property prices in the Bulgarian capital Sofia have increased by 5.47 per cent in June, up notably from the level recorded in May, according to the Sofia Echo.

This may be indicative of positive market growth and higher values on the whole.

Meanwhile the largest price rises were evidenced in Dianabad, up by 9.29 per cent month-on-month.

Property Secrets reports that Sofia is emerging as a foreign property hotspot as attention shifts from beach area towards urban properties.

As such, investors may do well to consider properties in the city, which is expected to see increased demand in the future.
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