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Thursday, 02 August 2007 16:01 |
 The
property market of Bulgaria has achieved an incredible rate of growth
over the past few years, bolstered by a fast-growing economy and its
admission into the EU in January 2007. Property prices in some regions
have risen by over 50% in the last two years alone, and are predicted
to grow at the rate witnessed during the Spanish market boom, and the
figures all point towards a fantastic opportunity for property
investment.
The Knight
Frank Global House Price Index, which analyses house price growth
worldwide, ranked Bulgaria as having the second highest annual house
price growth up to the third quarter of 2006 with an incredible growth
of 32.1% up to the third quarter of 2005, and with a 19% increase up to
the third quarter of 2006. Indeed, Knight Frank
Bulgaria: Key Facts
Following
the rapid price increases seen in recent years, property prices have
continued to rise by 16% across the country (National Statistical
Office) and 9.7% in Sofia during 2006. The average price per square
meter is now
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