34% Increase Of Real Estate In Sofia

The price of houses and apartments increased by 34% in Sofia, although they are lower than the average levels in the region, ProntoSofia writes referring to information of the Italian weekly Economy.According to the issue the average price of square meter is 900-3000 Euro. The magazine describes the real estate deals in Bansko, candidate for the Winter Olympics in 2014, as "very interesting".Buyer expenses vary between 23,45 and 25,1% (agencies' commissions, notary, VAT, municipal tax). Purchase and resale cost about 24,7%-26,6%, the issue claims. It reminds that people that are not residents of Bulgaria still cannot buy land terrains.In the first half of the year the quantity of real estate, bought by Italians has increased by 16,7% compared to last year. Taking the average price of 195 thousand Euro, the magazine calculates the total investment of Italians in this sphere to 6 billion Euro.