By the end of the year
261 000 property deals
would be concluded in
Bulgaria, agents said
during a Southeast
European economic
forum.
The number represented
a 122 per cent
increase compared to
figures for 2001,
Darik Radio reported.
Price increase
tendencies would
continue until the end
of 2006. More dynamic
developments were
expected on the
Bulgarian property
market in the coming
two years, agents
said.
Property worth more
than eight billion
euro was sold in
Bulgaria in 2005,
Darik reported.
Bulgarians living
abroad invested nearly
one billion euro in
the local real estate
market.
Traditional foreign
buyers, like British,
Irish and Russians,
were looking for
alternative investment
opportunities in other
countries. Newcomers
to the Bulgarian
property market came
from Latvia,
Lithuania, Denmark,
Norway, Macedonia and
Greece.