In 2008 the residential properties are expected to appreciate by 12 to 15 per cent as demand continues to outstrip supply.

09.01.2008

This year the upswing of Bulgarian housing prices is likely to continue. But that will be slower pace, not like the last year. In 2007 growth rates exceeded 30 per cent, according to Mr. Strahil Ivanov who is the manager of Yalena property agency.
Among Krasimir Dimitrov working in Source Residential Properties, the prices will growth an 8 to 15 per cent for 2008.But some of the others company for real estate predicted and expected to appreciate by 12 to 15 per cent in 2008.
Mr.Ivanov – manager of Yelena said that the robust rise recorded in 2007 was a surprise to the experts, who had predict that the price will be higher of around 15 per cent. But these are not the ones agencies who mark price rise. Address real estate agency expect forecasts a 15 per cent too.
Some of the sources and property agency believes that the builders will turn their attentions on the centre of Sofia. This is area full of old residential buildings who need reconstruction.

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