Costssale price ratio does not favour projects beyond Sofia Engel East Europe
No significant changes in prices or sale volumes in the Bulgarian property market have been recorded since the turn of the year. Prices will remain stable and are unlikely to increase by more than five to 10 per cent in 2008, Liron Or, Engel East EuropeBulgarias executive director, told investor.bg.Real estate prices in the country, and particularly land and plots, have appreciated significantly. Currently, they account for as much as 3550 per cent of the end sale price of enterprises developed on the plots. This is too large a share, compared to the average of 2540 per cent in most European countries, Liron Or explained.