Bulgarian Property Market Strong and Growing

Whilst other parts of the world saw a downturn in property sales in the latter half of 2007, it was a different picture in Bulgaria. In fact, the latest figures are sure to be very happy ones indeed for investors with property in Bulgaria.

Knight Frank’s latest Global House Price Index, focusing on the fourth quarter (Q4) of 2007, revealed that Bulgaria topped the index as the country with the greatest annualised price growth in the world, coming in at 33.7%. This is encouraging news for the many people who’ve invested property in the country, whether in the popular ski areas or around the coast.

“The most outstanding feature in this index in Europe is Bulgaria’s continued strong showing against the astonishing reversal of fortune witnessed in the three Baltic countries (Latvia, Estonia and Lithuania,” said Liam Bailey, head of residential research at Knight Frank.

Other countries that closely followed Bulgaria with price growths included Russia, with growth of 30%, Singapore, with 31.3% and Hong Kong with 22.3%.

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