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Bulgarian property continues to prosper

21.09.2007

Since joining the European Union in January, the country has seen a sharp rise in the price of residential real estate and it is expected that demand for property in the region will continue to grow over the next 12 months.

There has been a strong rise in the number of people opting to buy second homes in the country in order to profit from the growing tourism since EU entry.

NSI figures suggest that the strongest property prices have been in the capital city of Sofia, where residential developments have risen in value by around 14 per cent.