Article: Bulgarian Property Prices Triple Between 2000-2005
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Bulgarian Property Prices Triple Between 2000-2005
The Sofia News Agency (26 Oct 2005) writes that home prices in Bulgaria's regional centres have increased 1.5 to 3 times over the last five years. This is obviously welcome news for all investors who have bought property in the Bulgarian market. It will also be reassuring for those considering a future real estate investment in the country.
Such high levels of growth are unprecedented in normal market situations and it is clear to see that the Bulgarian property market can in no way be described as ?normal? at the moment. Typically, a property will double in value within the timeframe of between 8 to 10 years. This takes into account both cycles of growth and decline in which time the overall movement is a doubling of the property?s? value.
For the Bulgarian...
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