A lack of reliable data was among the problems of Bulgaria’s property market six months after the country’s EU accession, Jet2Let real state company representative Lance Nelson said.

Property buyers should seek out information on improved infrastructure and access to the regions where they plan to buy property. Underground enlargement or new low-cost flights were affecting property prices, he said, as quoted by easier.com.

Purchases of real estate in larger cities proved more profitable. According to recent reports, prices of residential apartment in Sofia rose by an average of 10 per cent in the first quarter of 2007.

The increasing number of companies to set up call centres, back office process centres and IT outsourcing also promised higher than average price growth in Sofia.

Large infrastructure projects and all property-related sectors would continue to contribute to increased earnings and would promote demand, easier.com said.