Foreigners participated in over 29 per cent of real estate transactions in Bulgaria in 2006
according to a survey by Asta Bridge International Properties. Most of them - 67 per cent of the foreign buyers of real estate in the country, are British, who purchase real estate mainly as investment. The incomes from sales of real estate to foreigners are estimated at 1.133 bln euro, threefold the 2005 figure, according to data from Bulgarian National Bank. The average value of the purchased real estate on the Bulgarian seacoast stood at 47,000 euro. Two times that, or 90,000 euro, is the price for winter projects. The average value of apartment in Sofia reached 112,000 euro in the last year.
Source: Index Imoti Magazine
(18.04.2007)