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Apartment Prices in Bulgaria Grow 6% in April-June 2008
Prices in the country had grown 5,9% in the second quarter of 2008.

The average price of one square meter of residential property in Bulgaria was BGN 1299,95 in January-March 2008 but in April-June 2008 it was already BGN 1376,29.

The highest growth in apartment prices was recorded in the southwest city of Kyustendil - almost 15%. On the other pole, the prices in the northeast city of Turgovishte even declined by 2,9%.

The lowest prices are recorded in the northeast city of Silistra - BGN 716 per square meter, and in the Sofia District - BGN 714 per square meter.

The residential prices in Sofia grew 6,9% to reach an average of BGN 2312,50 per square meter, followed by Varna with a growth of 1,8% and BGN 2137,33 per square meter.

These are followed by Ruse (BGN 1749 per square meter), Burgas (BGN 1698 per square meter), and Stara Zagora (BGN 1500,17 per square meter).

Plovdiv ranks sixth with BGN 1491 per square meter but with a growth of 13,2% over the last quarter, which Bulgaria's National Statistical Institute announced Wednesday that the apartment shows a further potential for growth.

People in north-west England who own property in Bulgaria are being targeted by low-cost airline easyJet.
The budget carrier has confirmed that later this year, it will begin offering passage between Manchester Airport and Sofia.

This will help open up the Bulgarian capital to leisure travellers in the north-west, a development which could lead to more people choosing to visit the city.

However, easyJet also believes that the route will be useful for many foreign property investors, as Bulgaria is currently a very popular location among this group.

The airline commented: "The service to Sofia is ideal for the growing number of second home owners from the region investing in the Bulgarian market."

Passengers will be able to fly between Manchester and Sofia three times a week from December 2008.

This comes after analysts at Amberlamb said a number of strong fundamentals are supporting the Bulgarian housing market, such as the country's growing tourism industry.


Irish low-cost airliner Aer Lingus announced it would start a new twice weekly service between Dublin and Sofia for its winter 2008 schedule, along with new services to Hamburg, Newcastle, Salzburg and Agadir. In addition, the company will increase the frequency of flights to a number of other European destinations, a company media statement said.

Aer Lingus currently operates a flight to the Black Sea resort of Bourgas, which was launched earlier this year.

Enda Corneille, Aer Lingus corporate affairs director, said the new serivce "demonstrates our response to the continued consumer demand across our route network and is further testament to our proposition of low fares and great service," the company statement said.

The new flights are scheduled to start October 28 2008.