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Bulgarian property prices fall 10 per cent

 Property prices in Bulgaria slid by 0.8 per cent between April and July compared with the previous quarter, the National Statistical Institute (NSI) said.
On an annual basis, the  prices of Bulgarian properties have decreased by 9.7 per cent, according to the most recent statistics.
Bulgarian homes were selling for an average of 971 leva a sq m in the second quarter, the highest in Varna (1594 leva a sq m), followed by Sofia (1558 leva a sq m) and Bourgas (1231 leva a sq m). The least expensive dwellings were in Kyustendil, at 569 leva a sq m.
The second quarter saw declines in 13 cities and towns in Bulgaria, the sharpest in Gabrovo (-8.3 per cent), Shoumen (-7.8 per cent) and Vratsa (-6.9 per cent).
Home prices in Sofia remained unchanged and increased in 15 cities and towns.
The most interesting destination for searching Bulgarian properties remain the sea cities: Varna, Bourgas and Dobrcih and the nearest villages as well.
A big rise of Russian investment in Bulgarian real estates along the Black Sea coast has been reported. Russians generally tend to choose properties along the Bulgarian mountains or large resorts on the coast, but they also settle occasionally for a quiet, rural way of life in small Bulgarian villages


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