Rental Prices Highest In Varna, Local Daily Says

Rental prices in the city of Varna on the Black Sea were the highest in the country, local Narodno Delo daily said on May 26 2008.

According to the paper, luxury apartments registered the highest increase, 22.1 per cent, compared to May 2007. Rents of unfurnished housing went up by 19 per cent, while furnished ones increased by 17 per cent.

Two-bedroom apartments were the preferred choice of customers, Narodno Delo said. Currently the renting price of two-bedroom apartments in the city's downtown area around the Red square started from 300 euro a month.

In the more remote boroughs, such as Mladost and Vuzrazhdane, the price was about 250 euro a month.

The rental price of a newly-built house of 250 square metres in the city's seaside vacation community of Trakata was about 2500 euro a month, the paper said. A floor of such a house could be rented at 1700 euro a month.   

The average time line of a renting contract for a two-bedroom apartment was about a year, while houses in Trakata were usually rented for the summer season, real estate brokers told the paper.sofiaecho.com