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Interview with BULGARIAN PROPERTIES’ Chief Operations Managers with regard to the Company’s Annual Property Report
In connection to BULGARIAN PROPERTIES’ annual report of the Bulgarian property market in 2009 the company’s Chief Operations Managers Polina Stoykova and Victor Vucheliyski gave an interview for ProBG television.
The main accent of the interview is the rural property market in Bulgaria and the changes which occurred in this segment in 2009. According to the company’s report it is rural properties whose price fell most in 2009 – by over 53 percent. According to Polina Stoykova prices could fall by further 10-15% but only in specific areas and for specific properties. The greatest price decrease is witnessed in rural properties around the cities of Sofia, Varna and Bourgas where in the last few years prices increased considerably.
According to the company’s report prices of properties in winter and summer resorts in Bulgaria also decreased noticeably in the last year as now the segment offers great bargains. Victor Vucheliyski adds that at present a one-bedroom holiday home in a functioning development can be bought for as low as 38,000 Euro.
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Has the Bulgarian property market reached the bottom?
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Copyright: 2010 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: info@bulgarianproperties.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
© Bulgarian Properties Ltd. 2010
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