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News
| 309,788 Property Transactions in Bulgaria in 2008 |
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Wednesday, Apr 15, 2009 |
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A total of 309,788 property transactions were sealed in Bulgaria last year, the NSI and Aristo agency said.
Sofia tops the chart with 40,906 deals. Next are Varna and Plovdiv with around 17,000 each. Ruse and Burgas are also in top 5 with 8,200 and 7,654 deals, respectively.
Q4 was the busiest period last year with a total of 95,000 deals, while Q1 was the slowest with just 56,000.
Five of the largest cities in Bulgaria account for 30% of all deals and Sofia accounts for 12-14%, which is less than in previous years.
In 1999 some 19% of all transactions were in the capital city Sofia and 39% in the other five cities listed in the chart.
The property markets in smaller cities have been developing rapidly in the years after 2005 and now the transactions are more equally distributed around the country.
Some 21,041 new apartments in 2,939 buildings appeared on the market last year, with a total usable area of 1.644 mln square meters.
In 2007 the number of new apartments on the market was 18,864, in 2006 the number was 13,270 and in 2005 - 12,059 |
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Source:
Profit.bg
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