Residential Property Prices In Bulgarias Capital Up By 5.47 Per Cent In June 2007

Residential property prices in Sofia have increased by 5.47 per cent in June 2007 compared to figures for May, reaching 820 euro per sq m, Foros real estate agency brokers said.

This is the average price for all types of accommodation including panel apartments and new construction, investor.bg reported.

The largest price hike was registered in the residential district of Dianabad, 9.29 per cent where prices reached 843.33 euro per sq m. The average price hike in Krasna Polyana was 8.85 per cent, and the price increase in Hipodrouma was 8.15 per cent.

The Residential districts of Izgrev and Mladost-3 registered the lowest price hike of 0.7 per cent and 2.62 per cent respectively. The prices in Izgrev reached 956.67 euro per sq m and in Mladost 653.33 euro per sq m.

Lozenets and Ivan Vazov are the two districts with most expensive residential property. Costs there reached 1 260 and 1 250 euro per sq m respectively.

The cheapest panel apartments are offered in Malinova Dolina, 500 euro per sq m, Mladost-3, 610 euro per sq m and Mladost-4, 610 euro per sq m. sofiaecho.com