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Bulgaria’s home property market likely to hit rock bottom in 2011

Posted on 31 December 2010

From Sofiaecho.com: Housing property prices in Bulgaria are expected to hit rock bottom in 2011, recovering after that point, estate agencies said. “Housing prices in 2011 will remain at historically low levels, but they are expected to stabilise in large regional cities and the overall decline to slow down countrywide,” Teodora Dimitrova, head of the local unit of international firm ERA Real Estate, said.
According to Elta Consult, property prices are already near their optimal levels and further abrupt changes are unlikely……………………………………….Full Article: Source

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