Old Farm House - ID 2619

The Rise And Rise Of Bulgarian Property 20/03/2008
Anyone who has bought property in Bulgaria will tell you that the prices are so low, it is impossible to lose. Prices will continue to rise. The only uncertainty is by how much. And how long. The Balkan country already has had 12 years of increases. And the National Statistical Institute reported in January that the average sales price per square meter for residential properties in Bulgarian cities had gone up 36.6 percent in the previous year. But residential prices in Sofia still average only EUR 600, or USD717, per square meter, or USD66 per square foot. That is much less than the EUR 750 average per square meter in Bratislava, Slovakia; EUR 850 in Bucharest and EUR 1,500 in Prague, according to the National Real Property Association of Bulgaria. Those numbers have pushed Bulgaria... more

Media Reviews 14/03/2008
The site reports on a worldwide property survey by economists at Global Property Guide on last year's international house prices. The survey's findings confirm a crash in the US housing market, a slowdown in Europe's housing markets and a gathering of momentum in the Asia-Pacific. "Closer inspection of the report showed some surprising winners and losers," notes the site. "Bulgaria saw the world's strongest house price growth at 30.6 per cent (15.4 per cent in real terms) to end-Q3 2007 from a year earlier. Most European countries registered unimpressive year-on-year house price changes in 2007, except Norway and Estonia." The report notes that property prices in Ireland fell last year, the first time in more than 15 years. "The Irish housing market had the biggest and... more