(What is this?)
Home > Bulgaria > Property > News : House Prices Increase Worldwide, Bulgaria Reaches 31%
Not registered?  Join IPIN now FREE   |  Forgot password?

House Prices Increase Worldwide, Bulgaria Reaches 31%

Article Date : Monday, January 16, 2006       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

According to the survey, which monitors 23 countries on a monthly basis, South Africa at 27.8%, Hong Kong 21.6%, Spain 17.2%, New Zealand 16.4% and France 16.0% top the house price annual percentage change list at present. China, Norway, United States, United Kingdom and Sweden complete the top 10 rankings.
Japan and Germany are at the bottom of the ranking with a registered drop in house prices.
For the sake of comparison, Bulgaria recorded an average increase of 31% for a 12-month period (Q4 2003 - Q4 2004).
Ignoring calls for "bursting bubbles" the man-in-the-street continues to demand residential property to buy not only in Bulgaria, says Deyan Kavrakov, President of FIABCI-Bulgaria. Investing in "bricks and mortar" continues to be more attractive than securities and bonds, he adds. Experts define a deal as speculative when its return on investment outperforms those in mature markets (8-10%) and is at least 30-40 % and more.
There is no bubble on Bulgaria's property market, but due to its stage of development there may be inadequate prices in some segments, Kavrakov comments. Prices are expected to slow down around 2007, followed by one year of "wait and see" and - as the experience of Central European countries shows - the market starts its own development, positive in most cases, according to him. Kavrakov forecasts the price increase of residential property to be a double-digit figure in percentage in 2005, but considerably smaller than the previous year.
Article Source: Sofia News Agency
Listing Separator

Related Articles

  1. More delays for VidinCalafat Danube bridge
  2. Sofia City Hall to ban construction in Studentski grad
  3. Bulgarian banks go cold on loans for overdeveloped resorts consultants
  4. Wise Words for the Bulgarian Property Economy’s Future
  5. Bulgaria’s Property Market Could Go Either Way



Listing Separator

Let us search for you Let Us find Property in Bulgaria for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Bulgaria.
Let us searchHelp me find property in Bulgaria


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Bulgaria
Channel: All

More RSS FeedsGo

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo

Media/Press SectionMedia/Press Section

Are you a Press or Media professional? We have access to a wide and varied collection of data and statistics which may be of interest to you.

Journalists click hereGo

View News by ChannelSee Your News Here

Submit your news feed for spidering by our news robot. Simply enter the url of your RSS feed in the text box below and click the submit button

Submit Your RSS FeedGo