Housing Prices Increase By 32% Per Year In Bulgaria

On a yearly basis housing in Bulgaria increases by 32%. Because of this the investment in a Bulgarian home is more profitable than an investment in financial assets.This is the result of a report by Industry Watch named "The housing market in Bulgaria for the third quarter of 2008".The price gap between housing in Bulgaria and most of the European countries is decreasing. There is still a minimal penetration of mortgage credit in the Bulgarian economy - 12% compared to 39% for the European zone.