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Plovdiv property prices to add 15 per cent in 2008

The city of Plovdiv now covers second place in terms of the number of real estate deals, according to a chart compiled by the Varna. The number of deal in Bulgaria's second largest city reached 20 000, versus 18 000 in Varna, where the market is considered much more dynamic and the number of deals is normally above the country's average.
The combined area of transacted real estates in Plovdiv topped 100 000 sq m. That figure is expected to double in 2008, Dnevnik daily reported on March 14.
Plovdiv also outpaced all other big cities in terms of downtown real estate prices with a 61 per cent increase last year. Rent rates in the city rose 18 per cent on average versus five per cent for Sofia and Varna.
Plovdiv office real estate prices added 32.2 per cent in 2007, which compares with 28 per cent for Sofia. Around 55 000 sq m of retail space was placed on the Plovdiv market last year with another 300 000 sq m scheduled for delivery this year.

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