Bulgaria Cheap Properties

Bulgarias third biggest city Plovdiv turned out to be the recordbreaker in property price increases in 2007, international real estate bureau Europolis said. Prices in the city went up by 46.5 per cent between January and December 2007, while the average increase in the county was 30 per cent, Dnevnik daily said. The value of twobedroom apartments in the central part of the city increased the most, by 66 per

A total of 4878 new construction permits were issued throughout Bulgaria in September 2007, 3110 of them for residential buildings, according to data from the National Statistical Institute. The construction boom in the residential sector continues to lag slightly behind demand for these properties, according to Monitor, the Bulgarianlanguage daily newspaper. Bourgas again defeated Varna

Mayor Boyko Borisovs administration has tabled a motion to increase state taxes on the issue of construction permits. The plan will be debated by Sofia Municipal Council SMC on December 20. Sofia Municipalitys Architecture and City Planning department has submitted a report with the financial committee of SMC, proposing a 50 per cent price hike. Building permit prices rose by 20 per cent in the spring of this

Real estate deals with municipal property were being inspected since December 11 2007, press office in Bulgarias municipality of Primorsko announced.The inspection would affect all property exchanges and decisions, as well as further management of properties in question, investor.bg said.