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Property Prices In Bulgarias Capital To Remain Stable Colliers

Prices of property in Sofia will remain stable, while quality of construction and additional services offered will increase.

Property purchasers are also to become more demanding.

The property market in Sofia enters a ‘more mature’ phase, Colliers International short-term prediction said.

Residential property supply is increasing and residential complexes of closed type are very popular, Colliers said.

Construction of new luxurious property is most intense in Sofia’s southern districts, Lozenets, Vitosha, Manastirski Livadi and Bukston.

The average sale price in 2006 registered a light increase as compared to price increase over the past several years, Colliers said.

Property prices in Iztok residential district raised the most in the second half of 2006, by 17.1 per cent, followed by prices in Lozenets