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Real Estate Briefing - Categorized | Market Moves, Residential property Watch

Luxury property prices down by 40pct in Bulgaria

Posted on 29 October 2009

From Propertycommunity.com: The price of luxury property in Bulgaria has fallen by 40% since the onset of the global economic downturn while the average residential real estate prices are down 28% year on year, according to the latest figures to be published.

The number of luxury property owners putting their houses on the market has doubled, says a report from real estate agency Unique Estates. But buyers are no longer interested in real estate priced at the top of the market………………………Full Article: Source

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