Residential property prices in Bulgarias capital Sofia declined 10.6 per cent on average in the last three months of 2010 compared with the same period a year earlier and by 1.3 per cent against the previous quarter, Raiffeisen Real Estate said.
Bulgarias Black Sea port city of Varna was home to the most expensive real estate in 2009, data from the National Statistics Institute NSI revealed on January 25 2010.
The industry was not at its healthiest over the past 12 months for understandable reasons, but there are indications that the business outlook may be slightly more convenient for potential buyers and sellers.
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