Pearl Property News & Blog

The commercial property market in Bulgaria is expected to grow by 300 per cent in the next three to five years said Atanas Garov on May 8th. Garov took part in a conference linked to the upcoming Balkan property exhibition. All parts of the property market had been developing dramatically and investment was expected to increase in the next years. Office property market growth was expected to double in the next three years. (Sofia Echo)

The price increase of residential property in Bulgaria after the country’s EU accession is sufficiently higher than expected, research ordered by investor.bg showed. The price hike concerns both old and new construction in Sofia and in other bigger cities and towns. The prices per m² went up three to 12 per cent in Sofia’s residential districts. According to an online poll by investor. bg, 30 per cent of the Bulgarians think that EU membership led to a sufficient increase of residential property prices. (Sofia Echo)