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Real Estate Prices in Bulgaria Up 20%
2006-09-27 | www.novinite.com, 24th August 2006
Real estate prices in Bulgaria have increased by 20% over the last year, according to London-based Night Frank Estate agents, cited by 24 Hours daily.
Bulgaria ranks second in respect of property prices growth after Latvia, enjoying a 45.3% rise for the said period, the survey showed.
The ongoing trend of significant increase is due to the low inflation rate, the growing life standard and the easy access to mortgage credits, according to experts.
In five years, the Russian capital Moscow will rival London in the world's most expensive city competition, analysts note.
The survey included Europe, the US and several Asian countries.
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