Residential property prices in Bulgaria register an average increase of 10 per cent in first half of 2007

There will be an even greater price increase on luxury properties.The price of the average residential property price rose 10.34 per cent in the first half of 2007, according to Address real estate agency data.

The average sale price of residential units around the country in the period from January to June is 692 euro per sq m, compared to 627 euro per sq m in the period from July to December 2006. Brokers expect the annual price hike to reach 15 or 16 per cent. There will be an even greater price increase on luxury properties.

Apartments in the city of Blagoevgrad registered the highest price rise, at 22 per cent. Average sale price of residential units there reached 525 euro per sq m. The price is comparable to the average price of an apartment in Plovdiv, which is 534 euro per sq m.

The price of residential properties in Sofia increased by 11.98 per cent. The highest price hike was registered in Nadezhda, Liulin, Manastirski Livadi and Drizhba residental districts. This is normal, as prices in these suburban areas were the lowest in the capital, so many buyers turned their attention to them.

Japanese investors arrive in Cambodia today

The Japanese embassy in Cambodia said that a (Japanese) state delegation, and a large group of private Japanese companies will perform an official visit in Cambodia for 5 days from 16 to 20 July 2007. The visit of the delegation of Japanese investors is the result of the agreement signed on the liberalization and the protection of investment (trade pact) between Prime Minister Hun Sen and the Japanese Prime Minister during the former’s visit to Japan in June 2007. The Japanese delegation will include Kozo Yamamoto, the Japanese deputy minister of commerce and industry, and 30 Japanese company officials. The Japanese delegation will meet Hun Sen and several high ranking Cambodian government officials, and it will also visit the Sihanoukville port.

Everyday.com.kh
Translated from Khmer by Socheata

Latvia Property News

House prices tumble in Latvia

House prices have begun to fall in the Greater Riga area – a fall of 3.5% in the month of June 2007, following a fall 1% in May 2007, according to the Latvian real estate agent Latio.