Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria Ranked 6th in World by Property Price Drop
BULGARIA RANKED 6TH IN WORLD BY PROPERTY PRICE DROP
Date: 22/06/2011
Source: novinite.com
Bulgaria Ranked 6th in World by Property Price Drop

Bulgaria's real estate market is ranked sixth in the world by the property price drop in the first quarter of 2011, according to a study of the global property services and research company Knight Frank.

To follow the price trend in Bulgaria, Knight Frank have used data of the Bulgarian National Statistics Institute, NSI, showing that residential properties' prices went down nearly 6% in the first quarter of 2011, compared to the same period of 2010. On quarterly basis, the decrease is 2.3% and it is nearly 4% on six-month basis.

The study ranks Bulgaria 6th by the property price drop, after Russia, Ireland, Dubai, the Ukraine and Greece.

Russia has registered a drop of 14%, Ireland – 12%; Dubai – over 8%, the Ukraine – 7.5% and Greece – 5.7%.

On the other end, Asian markets show a strong property price growth, led by Hong-Kong with a price increase of 24.4%, followed by India – 22%, Taiwan – 14%, and Israel with a 12% more expensive residential properties on annual basis in the first quarter of 2011.


Topic: Real Estate



Featured District
VRATZA DISTRICT AND CITY INFORMATIONVratza
Invest Bulgaria Charts
Trade Balance of Bulgaria
Trade Balance of Bulgaria

Tax Revenue of Bulgaria as Percent of GDP
Tax Revenue of Bulgaria as Percent of GDP

See all charts
Did You Know?
Bansko
Bansko
The Bulgarian winter resort of Bansko has become on of the hottest skiing destination in Europe ... More

Bulgaria has a culture and tradition dating back for 1300 years. Bulgarians are proud of their heritage and feel that it rightfully deserves its place in the diversity of European cultures. Bulgaria has rich and unique folklore - distinctive music and dances, rituals and tales.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members