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Real Estate Investments Are Sure Profit

Date: 03.06.2006

The prices of real estates in Bulgaria are so low that the purchases hide absolutely no risk of losses," The International Herald Tribune writes. The prices are expected to go up, but the question is by how much and until when. According to the data of the National Statistical Institute, the average price of a square meter of abuilt-up area in Bulgaria in January was by 36,6% higher compared to the same month of 2005.

The average price of housing in Sofia is about 600 euro per square meter, which is considerably lower than, for instance, the average prices in Bratislava - 750 euro per square meter, 850 euro per square meter for Bucharest and 1,500 euro per square meter in Prague. About 23% of all 220,000 real estate deals in Bulgaria in 2005 were signed with foreigners. The total cost of the deals amounts to 4 billion euro, the data of the National Association "Nedvizhimi imoti" real estate agency show.

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