Property market in
Bulgaria’s Danube region static - Property news
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According to the local agency Erastroi, the most desirable properties are three and four-bedroom apartments sized 80-120 sq m.Previous reports had indicated that
prices in Rousse have seen considerable hikes. Any unauthorised reproduction or use of it is strictly forbidden. However, in Rousse supply is also greater than demand. In Vidin, real estate
prices have increased by between 10 and 15 per cent and the average
price of residential
property is 500 euro a sq m. Interest from Romanian clients has been confined to the retail and car trade. Most inquiries about residential
property in Vidin and Silistra come from Bulgarians working abroad, the agencies said. Prices vary between 900 and 1100 sq m and
property vendors are refusing to negotiate offers, according to the local agency Olimpia. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Some British
property owners in the larger
cities are now trying to sell, real estate brokers have said.Despite the close proximity to Romania, no buyers have emerged from Bulgaria’s northern neighbour. Supply exceeding demand, unfavourable credit terms and over
priced offers are among the factors responsible for the stagnant market, according to agencies. The average
price of a
property there is 400 euro a sq m.Agencies have also said that residential
property in the Danube region has not triggered the interest of foreigners as in other parts in the country.