Bulgaria Reported Top Property Market
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Bulgaria was reported as the best performing property market; in the spite of concerns over the level of oversupply of Bulgaria holiday properties, and the skepticism of many property investors. Bulgaria’s property prices rocketed 30.6 percent last year outperforming the rest of Europe.
On the whole, property prices growth is slowing down globally. An 8.2 per cent increase in 2007 compared to 9.6 per cent in 2006.
With the property market in the UK sliding so dramatically over the last few years to what it has become today, many developers, investors and indeed those looking for a first time buy are heading into Europe, where there are areas that are still seeing a rise in property values. Property in Bulgaria is increasing in value all of the time, meaning that it’s much better for investors to look at as a viable means. You can literally pick up properties in Bulgaria for just a few thousand pounds, and be sure that their value will increase. This is in stark contrast to property in the UK, where values are predicted to fall further at least until the end of the year.
If you’re looking for a property investment opportunity, you’re likely to find it in Bulgaria.
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