Is Bulgaria’s market turning the corner?

Is Bulgaria's housing market turning the corner? Yes, according to some reports, although it is taking its time to do so.

New figures from Global Property Guide show that Sofia is one of the few places in the country where house prices have increased, with the National Statistics Institute finding values in the capital were up 0.8 per cent in the first quarter of 2012.

The rest of the nation still has some way to go, according to the NSI, with average prices slipping by 4.3 per cent. But this rate of decline is starting to slow, with some experts pointing to the country's recent change in overseas investment regulations – allowing buyers to invest without registering a Bulgarian company first – as a promising sign for the future.

Source: Novinite