House near spa resort - ID 3185

2004 Property Projects In Bulgaria Produce Revenue 14/03/2008
Property investment in 2004 nearly doubled its value and produced revenue for the owners. A number of real estate projects evolved and statistics show an increase in the number of deals concluded. Since the middle of 2005 the property market began to calm down, mediapool.bg reported. Analysts said property prices could start decreasing. The Sofia property market offers various buildings, some of which still under construction. Buyers seem to be interested in unfinished property regardless of the risk. At the moment supply on the Sofia real estate market exceeds the demand, a situation normal for each market economy, analysts said. Construction companies responded to market changes through more competitive prices and higher quality, mediapool.bg reported. In the past two... more

14.2% Annual Inflation In Bulgaria 15/04/2008
Bulgaria's annual inflation is up to 14.2% in March compared to 13.2% the previous month. The reason was provoked mainly from high food prices, says statistical data announced on Monday. The consumer prices increased to 0.8% m/m in March from 1.1% in February. IMF sees inflation dropping to 7% by the end of the year, hoping that grain crops will increase from last year's drought-hit levels, avoiding renewed food price hikes, commented from Reuters. The inflation by the end of last year was 12.5%, one of the highest rates in the EU. more