Bulgaria Named Fastest Riser on World's Property Market

I rest my case.

Dear George, you have no case ! Knight Frank is an ordinary multinational realestate agency that makes market reports/survey for their customers and investors. If you have bothered to check out reality, you will realize that the numbers presented by a private, commercial agency are not independent and officially recognized statistics. Knight Frank makes their surveys based on reports and estimates from local estate agencies, and the agency gives absolutely no guarantee for the accuracy and validity of the "statistics" presented. Any agency can present unverified numbers and estimates without legal consequences, and that is the case in Bulgaria.
Most independent observers and institutions have pointed out great consern about the socalled Bulgarian property market due to a substantial oversupply of properties and a decline in number of buyers/investors. Picking up statements from a realestate agency does not bring more weight to your arguments, and notorious cheaters do not make a business nation. Not in Bulgaria, not anywhere else in the world.

Furian,

The main problem with pessimists (this is the least I can call you) is their “short-sightedness”. Contrary to the pessimist’s point of view the reality of life, real estate and in many ways the stock market in that matter happens to be a LONG TERM game. Life is a marathon and not a sprint, if we can engage some athletics terminology. The real estate and the prices for it in Bulgaria will go nothing but UP on a long run (in real estate terms 10-20 years) until it levels up with similar properties and price ranges in Western Europe.

On all other rather wide range of subjects, you continue to relentlessly “spit” venom on, and run your little propaganda games, I would summarize in one sentence.

“Nothing new under the sun.”

Bulgaria did not invent corruption or crime; it’s an old game happening all over the world. The problem with you is that you are most of the times groundless (no facts) and like I said you are targeting the wrong audience. Your media is wrong (this forum) and your communication is in English.
The way to make points and improvements (that’s what you are trying to do, right?) is by targeting the largest possible audience, which happens to be in this case the Bulgarian people (voters). In order to do that you should try to publish your messages in Bulgarian newspapers, magazines or radio and television. Of course like I said most of your propaganda is irrelevant and farfetched (no facts), and probably will cause more resentment than anything else.
Yes even though that Bulgaria is improving significantly, there are problems, which have to be dealt with. If you want to contribute to the solutions and display some of your points of view, you should try to target the largest mass of voters/citizens and it should be done in Bulgarian language. They are the only ones that can make a change!

Well, I think that regardless of ups and downs, that ( whether or not agents are NOW right ) you are correct George that re market must go up long term in BG.

Much of what you say makes sense, but I wish you wouldn/t discourage Furian from posting here( no matter how negative his views may be), as I at least find furians perspectives interesting.

Moreover, while its true that Bulagarians are the ones that can change things directly, I think that pressure from outside Bulgaria's "closed" world is at least as important in pushing forward those changes, and if foriegners are to invest there, I think we would rather not have blindfolds supplied for a rosier picture, be it true or false.

So, in short, in a real sense, I think this is NOT the wrong audience, although I see your reasons for thinking so. This "audience is, in my opinion, also a highly relevent one, even if only a small number who actually see it.

I would LIKE to be neither a pessimist nor optimist, though I tend towards both, a pragmatic viewpoint needs to look at all sides as much as possible, thats all Im saying.

You have to admit there's probably a little bit of a conflict of interest and the data has hardly been collected and analysed under the spotlight of independent academic rigour. But with inflation at what, 10%, yes its no great surprise that prices are going up.

There's really only two ways of looking at it. An average BG property can be bought with something like 20 average Bulgarian salaries (I don't know the exact stat but it's a VERY high figure). There is no place in the world that that is sustainable. In the UK it's around 10 and Spain it's 12 (both in themselves ridiculous).

So coming back to those two ways of looking at it: either property costs too much or people are paid too little. At least that is the case in a normal country where people declare their earnings properly. The real conclusion is simply that the average salary in BG is a lot higher than anyone cares to admit. The politicians want to keep it down to make the country look attractive to invest in and as a bargaining tool with striking teachers. The businesses want to keep it down for much the same reasons. And the employess want to keep it down so they don't have to pay taxes on all their undeclared income. Everyone's a winner :-)

The other thing with these stats is that for them to be at all relevant they have to look at real completed sales. Now, I would hazard a guess that 80% of property in BG is of the panel variety that no one is buying much of anymore. Which means that all these figures are skewed towards the new, brick buildings that are going up everywhere. And of course these are overpriced. But as has been said property prices tend to always increase (major crashes not withstanding) - unless your talking about Germany..... You can buy and rent for less in most German cities than in Bulgaria I believe nowadays!!!

Spot on Robin, I read this weekend how some pensionrs are retiring in towns in eastern Germaqny and the figures quoted for rent or per square meter sale are level with BG, built of course to higher standard and with superior all around infrastructure...

300 leva a months salary...ha! indeed

Have to say one thing though in favour of living in Bulgaria compared to east Germany. You're more likely to get a job in Bulgaria than east Germany - on the other hand you're better off being unemployed in east Germany than being employed in Bulgaria. It's a funny old world...

Thank you all ! Despite Georges anger I am pleased and have achieved my goals all the time. I simply want a debate and different opinions - democracy in praxis ! And that is what is important, especially in Bulgaria.
But I still mean the Bulgarian property market is unhealthy and boosted with deliberately false numbers. One is the 40 000 Brits that have bought properties in Bulgaria. Where are the numbers coming from and how can they be verified? Definitively not from the Bulgarian Land Registry- I have checked. Even the Bulgarian PM has presented a number :" 3900 Brits have found a home in Bulgaria". It sound reasonable.

George,
furian is right - all he has to do is fart a few ungrounded insults, and the whole forum gets to indulge him.
Debating with Bulgarians like him, is pointless.
Unless we are talking about his mother and how she likes it in the ass, (which she probably does - face it, only a whore can have such a hateful child;) anything else is counterproductive;)))

Hi Kolega ! He,he, you are trying all the time but it is impossible to insult me. You know perfectly well I am not Bulgarian, but a European scientist searching the missing link. I thought the Rift Valley was the answer, but that was before I came to Bulgaria. Now I am sending reports home every day and I think I have found the missing link: "Homo Bulgarius" - the species before "Homo Erectus". But do not tell anyone- it is a scientific sensation because most scientists thought Homo Erectus was the most primitive and closest to primates- they are wrong.

OK my "European scientist", so your mama likes it in the ass... so what?

"Homo Bulgarius"? That's me.
Bulgarian homo - that's your proud family tradition;))

BTW,
"You know perfectly well I am not Bulgarian"

I don't at all.
"European" means nothing.
Until you tell us where you are from, we will assume that you are Bulgarian. You certainly fit the bill.

Take it easy Kolega, you are too easy to wind up! But again, I am not Bulgarian, but Bulgaria is of great scientific importance for me. I believe it all started here-like the vision in Stanley Kubrics "A Space Odyssey 2001" - the opening scene. You remember ?

Yes furian,

You are only half Bulgarian. The other half is Russian. You are not a scientist but an Architect residing in New Jersey. And you are thick skinned--that is for sure. You have proven it many, many times. But you are always careful not to use obscenities--definitely a feminine touch.

Back to ignore you mod.