Average price levels of residential properties on Bulgarian middle market will increase by 5-10% in 2007, experts say.

Luxurious newly built apartments and properties at key locations will command a higher increase in prices - an average of 15%, according to realtors' forecasts for the country's first year of EU membership, cited by 24 Hours daily.

Low prices, long-term investment prospects and changes in lifestyle fuelled record-high property sales in Bulgaria for 2006.

The year-end count of transactions is forecast to reach 260,000 at a combined value of more than EUR 5 B, according to figures of BulgarianProperties.com, partner of foreign property buyers in Bulgaria.

The experts comment that following the massive 25% to 30% annual capital gains of recent years, Bulgaria's property market is now showing a much more realistic growth rate of 15% so far this year, setting the pattern for more predictable and sustainable long-term investment.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!