Property prices in Veliko Turnovo will increase by 10 to 15 per cent in 2008|
2008-01-22 16:56 News from propertywisebulgaria.com
Property prices in Veliko Turnovo will continue their upward trend but at a slower and more balanced pace, according to Teodora Dimova from ERA real estate agency.
The number of property deals in Bulgaria`s old capital increased by 21 per cent on 2006, ERA data shows.
At the beginning of 2007 an apartment in Veliko Turnovo had been offered for 475 euro a sq m. In December 2007 the average sale price reached 775 euro a sq m.
Prices of single family houses in Veliko Turnovo`s Old Town have also risen. Prices are in the 70 000 – 75 000 euro range. Rural properties in the region enjoyed great interest last year from foreign buyers in Spain, Denmark, the Netherlands and, recently, Russia.
Dimova expects greater segmentation of the property market in Veliko Turnovo this year. Important factors influencing the future development of the region`s market will be the quality of construction, location and infrastructure.
Experts predict a dynamic development of the secondary property market in Veliko Turnovo. Estates bought two to three years ago at low prices will re-enter the market at higher prices.
See property from Veliko Turnovo region: http://properties.guide-bulgaria.com/NC/Veliko_Turnovo
This News is listed at news.Guide-Bulgaria.com
Pages:  > 2008-02-14 British investors flee Bulgarian winter resorts
> 2008-02-14 Homes in Radomir post a 70 per cent annual rise
> 2008-02-14 Colliers: Varna shopping mall market may be headed for oversupply
> 2008-02-13 World Superstars Boost Sofia Property Prices
> 2008-02-13 Atlas Estates Fund plans a 215-million euro investment in Bulgaria
> 2008-02-13 Investors build in Bansko and legalise their developments in Sofia
> 2008-02-13 Bulgarian co to build villa community in Ribaritsa resort
> 2008-02-12 SAS Hero Goes into Battle over His Holiday Home in Bulgaria
> 2008-02-11 Bulgaria`s Karrat Group To Invest over 50 Mln Euro in Residential, Commercial Project in Sofia
> 2008-02-11 Winter House apart complex will be built in Stoykite village
> 2008-02-09 Bulgaria Loses Allure for UK Buyers
> 2008-02-08 Kavarna Municipality green-lights Bulgarian Land Development`s July Morning project
> 2008-02-07 Irish West Properties completes second project in Bulgaria
> 2008-02-06 Brokers cheat foreign investors in Bansko ski resort
> 2008-02-04 Viva complex Varna - a modern attitude to the urban environment
> 2008-02-01 Holiday complex under construction on dunes of Oasis camping
> 2008-02-01 Foreign property investors in Bulgaria head for cities
> 2008-01-31 Prices of Plovdiv off-plan, old homes on convergence path
> 2008-01-31 Karlovo and Plovdiv think over tax increase
> 2008-01-30 Plovdiv Property Market is Flooded