The state property agency of the Defence Ministry will offer over 200 military properties for sale.

Capital newspaper said these were mainly old warehouses, polygons and barracks. Once this property is sold off, the ministry will offer another 760 plots and buildings.

As the money from the purchases goes directly to the budget, the ministry prefers to conclude barter deals, exchanging old property for new apartments. In this way it would gain new actives in the form of immovable property, Capital said.

So far the ministry had offered only its less attractive property in the remote capital districts of Ovcha Koupel, Mladost and Drouzhba, keeping the ones in the centre attracting more interest, experts said.

The main problems buyers face are the complex procedures and the lack of clear criteria when it comes to choosing between two barter deal offers for the same plot. Capital said that this subjectivity and the yet undefined ways of purchasing army property created corruption opportunities.

Experts said that even if the army property was sold at prices lower than the average market ones, this would still have no influence over the overall market tendencies. Tihomir Tsankov from the Aristo real estate agency said that the plots attracting greatest interest were the ones near the seaside towns of Varna and Kavarna. Prices vary from 50 to 200 euro a sq m.