Property prices in major cities in Bulgaria in I quarter has continued to fall

Property prices in major cities in Bulgaria, including Sofia, Plovdiv and Varna, have continued to fall in the I quarter of 2011, according to research by Raiffeisen Real Estate, reports The Sofia Echo. with gelatin at prices in the capital fell by 9.4% compared to the same period last year and by 5.2% compared with the previous quarter. In the second largest city in Bulgaria, Plovdiv price of purchase and sale of property transactions fell by 8% per year and 6.7% for the quarter. In the Black Sea Varna, a decline of 7% per year, but for the quarter increased by 1.9% - this is the first example of a positive price dynamics stretego quarter of 2008. "Customers expect the best proposals in the budget, which they have identified - is the main trend of the first three months of 2011 in the Bulgarian real estate market "- said in a report Raiffeisen Real estate. According to The Sofia Echo