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By the end of 2016, Bulgarian property will rise in price by 12%

Bulgarian mass media “Standart” reports that for the period from January to June, housing prices rose by 7%. It is expected that by the end of this year the price growth will reach 12%

One of the reasons for the increase in the average cost per square meter in Bulgaria – low interest rates on mortgages. Central State Bank reported earlier that the amount of mortgage loans that were issued during the first six months of 2016, is €4.5 million Is the highest result for the last year and a half.

Property buyers often make repairs in the apartments and thus increase their value. The final price at times reach €2,000 per sq. m. And if earlier the most popular facilities were a small Studio, it is now well sold in more expensive options – comes with multiple bedrooms, a large dressing room and spacious bathroom.

The average price of housing in the capital of Bulgaria the city of Sofia by the beginning of July – €772 per sq m. In Varna apartments are sold on average at €726 per sq. m. Property in Burgas and Plovdiv is much cheaper. The average cost per square meter in these cities barely reaches €550.