Bulgaria Real Estate Market

The Bulgarian real estate market - trends and perspectives.

Tuesday, November 29, 2005

Real Estate Market Marks Highest Growth

Bulgaria's growing property market has reached another record breaking year of investment, managed by a group of property investment companies delivering selected UK and overseas property and investment solutions, Sofia news agency reports.

Around 250,000 homes are expected to be sold and finalized by the end of the year. "The figures mark the former Eastern bloc country out as one of the principal growth property markets in Europe. At a time when most countries are seeing the growth of the past few years ebbing away, Bulgaria expects this year to bring a 28 per cent increase on the number of homes sold last year - which had also been a bumper year with 196,000 properties sold." Properties are expect to raise 15% more year-on-year, making it one of Europe's highest growth markets.

Source: Sofia News Agency

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