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Bulgaria’s housing property has lost a third of real value since 2008

Posted on 06 October 2011

Residential property in Bulgaria has lost nearly one third of its actual value since 2008, according to a report by real estate agency Yavlena. Compared to 2010, housing prices have fallen by 8.5 per cent and by 20.92 per cent against 2008.
The report, based on official statistics, takes into account inflation and also assumes that an average housing unit has an average floorspace of 75 sq m……………………………………….Full Article: Source


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