Bulgaria 9th in Real Estate Prices - Knight Frank Report

Business » PROPERTIES | June 2, 2009, Tuesday // 10:58
Bulgaria Bulgaria 9 in Real Estate Prices, Knight Frank Report: Bulgaria 9th in Real Estate Prices - Knight Frank Report The last week issued report of the consulting company showed that Bulgaria had lost its last year's second place. Photo by Snimka.bg

Bulgaria property prices rose by 3,3% for 2009's first quarter year-on-year, putting the country in 9th position in the latest Knight Frank on world property prices.

The last week issued report of the consulting company showed that Bulgaria had lost its last year's second place.

The report also showed most markets to be still in a general downturn over the global financial crisis.

Some countries bucked the trend with increases in year-on-year property prices, including Bulgaria.

Knight Frank said that there was some evidence of buyers now snapping up bargains but that others were holding back hoping prices may fall lower.

The global property index showed Israel as the top performer with growth of 10,9% over the 12 month period to the end of March 2009. Israel is followed by the Czech Republic with an increase of 9,9%.

The biggest fall during the first quarter of 2009 was Dubai, which showed a huge decrease in property values by 40%.

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Properties » Be a reporter: Write and send your article
Tags: real estate

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria