ARTICLES 
Upsurge in Real Estate Deals
Standart News, 3rd June 2005
The number of deals with dwellings went up by 15 percent. The demand has shot up over the recent months, real estate agents report. Buyers are opting for flats mostly in the southern sides and the central quarters of the cities. Due to the run on housing, the owners boosted the prices by some 100 to 150 euros per square metre. A flat in a newly built block of flats in downtown Sofia, as well as in Lozenets and Ivan Vazov projects sells at 900 to 1,500 euros per square metre. The prices of the dwellings in the central projects retain their highest price rates.
According to real estate agencies, the new buildings in Varna and Burgas coastal cities may well outprice those in Sofia by end-summer.
At present, a flat in downtown Varna sells at 850 to 1,200 euros per square metre, and those in the ritzy projects Lazur and Vuzrazhdane in Burgas seaside city sell at 500 to 1,100 euros. Agents expect the prices to creep up by another 3 percent by mid-summer. In the period January-June, the supply scaled up by 25 percent. The demand for small flats of approximately 70 sq. m. is the strongest.

BULGARIA PROPERTY ARTICLES
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