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Bullish Bulgaria still blooming

Jaimie Kanwar

A new report reveals the continued strength of Bulgaria's real estate market ...

According to a compilation of official and private-sector statistics by the Global Property Guide.  Bulgaria has achieved 34.6% growth in residential property prices over the last year.  

A spokesperson for Global Property Guide commented: “Sofia prices are still rising strongly, but the coast and mountain resort booms appear to be over”.

Dan Johnson, Managing Director of TheMoveChannel.com, added: "Although much of the international property development has focused on the ski areas and the resorts along the Black Sea Coast, these areas are a little more speculative than Sofia, which is where the majority of the smart money has been invested.

"In terms of average prices, Sofia still has some way to go to catch up with Western European cities, but as the general level of wages continues to rise, expect the price growth to continue".