Increasingly Bulgarians bid for housing

The number of auctions held in Bulgaria on real estate from the beginning of the year to now is twice larger than the total number of auctions held in 2010

The survey data show that during January and February this year the number of auctions was between 1500 and 1600. The reason to stir the market may be lower now real estate prices in Bulgaria and to regain people's desire to own property.

According to the National Statistical Institute Municipalities issued permits for 1,152 new homes between October and December 2010, which is 12.1 percent less than the previous quarter.