Varna Reached Highest Rental Prices
26.05.2008
Varna holds the first place of most expensive rental prices in the whole country. That was reported by the local Narodno Delo daily on May 26 2008.
According to the newspaper, luxury apartments registered the highest increase of 22.1 %, compared to May 2007. Rents of unfurnished properties have increased by approximately 19 per cent, while furnished ones have 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 districts, 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.