Property Price Hike Expected In Bulgarias Plovdiv, Sliven And Yambol

A growth in the price of property is expected in Plovdiv, Sliven and Yambol in 2007.

The property market will fail registering record growth, Industry Watch representative Georgi Stoev said.

In the end of 2006 economists predicted growth rate in the prices of property varying between 10 and 15 per cent. Developments in the beginning of 2007 confirmed these predictions, Focus news agency reported.

Some Bulgarian cities registered steady growth in 2006 but the overall price increase remained within expectations, Stoev said. Major price hikes failed coming true, he said.

Similar developments are expected in 2007. Only some cities could register significant hikes, Stoev said.

Plovdiv features among the cities that are to see major growth. The same could happen in Sliven and Yambol, though the two towns were smaller, Stoev said.