Knight Frank's latest report shows that after several years of market decline, Bulgarian real estate values have started to recover.
Bulgaria property prices have increased for the first time in four years, according to these new statistics.
Bulgaria has been ranked 39th in the Knight Frank Global House Price Index, far above the falling markets of Greece, Spain and Italy, making it one of the best performing markets in Eastern Europe.
Bulgaria Real Estate prices dropped by 2.6 per cent in June 2012 compared to the previous year, but on a quarterly scale the picture is far more positive. Prices dipped in the first three months of 2012 by 0.3 per cent, but the slip was almost reversed in the second quarter of the year, with values rising by 0.2 per cent; the first increase in the market since 2008.
The news follows increasing demand for Bulgarian property on TheMoveChannel.com, with the country re-entering the overseas property portal's top 10 most popular destinations this summer.
While the price rises are small, Knight Frank’s research hints that now might be the time to start considering properties in Bulgaria again.
Ready to try Bulgaria? Browse our listings of houses, apartments or other Bulgarian property www.yantrahomes.com
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| Recovery for Bulgarian Real Estate |
Bulgaria property prices have increased for the first time in four years, according to these new statistics.
Bulgaria has been ranked 39th in the Knight Frank Global House Price Index, far above the falling markets of Greece, Spain and Italy, making it one of the best performing markets in Eastern Europe.
Bulgaria Real Estate prices dropped by 2.6 per cent in June 2012 compared to the previous year, but on a quarterly scale the picture is far more positive. Prices dipped in the first three months of 2012 by 0.3 per cent, but the slip was almost reversed in the second quarter of the year, with values rising by 0.2 per cent; the first increase in the market since 2008.
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| Banners announcing sale of Real Estate in Bulgaria maybe attracting more attention soon |
The news follows increasing demand for Bulgarian property on TheMoveChannel.com, with the country re-entering the overseas property portal's top 10 most popular destinations this summer.
While the price rises are small, Knight Frank’s research hints that now might be the time to start considering properties in Bulgaria again.
Ready to try Bulgaria? Browse our listings of houses, apartments or other Bulgarian property www.yantrahomes.com
 |
| Great value Real Estate in Bulgaria now on the up? |
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