21,750 property sales per month in Bulgaria Article Published: 11:57 01/11/2006 Article Classification: Marina du Golf Balchik
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By the end of the year 261,000 property deals would have been concluded in Bulgaria, agents said during a Southeast European economic forum.

The number represented a 122% increase compared to figures for 2001, Darik Radio reported.

Price increase are likely to continue until the end of 2006. More dynamic developments were expected on the Bulgarian property market in the coming two years, agents said.

Property worth more than €8bn was sold in Bulgaria in 2005, Darik reported. Bulgarians living abroad invested nearly €1bn in the local real estate market.

Traditional foreign buyers, like the British, Irish and Russians, were looking for alternative investment opportunities in other countries. Newcomers to the Bulgarian property market came from Latvia, Lithuania, Denmark, Norway, Macedonia and Greece.