Bulgarian Property Market – A Global Survey
The real increase of property prices in Bulgaria for the last year was 2.25% according to the Global Property Guide. This puts the country in the fourth place for price increase among 32 property markets across the world. In 2007 the nominal property price increase in Bulgaria was 19.68%. The United Arab Emirates hold the first place for 2008 with a price increase of 40.86%. Shanghai in China is in second place with 4.83% and Switzerland is in third place with 4%. Nominally, without taking the inflation into account, Bulgaria is in second place with a price increase for 2008 of 11.72%.
The property market in Bulgaria showed a decrease of 5.31% taking the inflation into account or nominally 4.15% in the last three months of 2008.
In the last year the property prices have increased only in eight of the 32 countries taking part in the survey, while in 20 there has been a decrease when compared with the inflation. In 2007 the situation was strikingly different – only in six of the countries there was a price decrease, while in 24 there has been an increase of the property prices.
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Category: Bulgaria, Property | Tags: Bulgaria, Bulgarian, decrease, global property guide, increase, Inflation, market, prices, properties, Property Comment »