Bulgaria ranked 26th in the world by the dynamics of housing prices

Bulgaria ranked 26th in the world by the dynamics of housing prices

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Bulgaria ranked 26th in the world by the dynamics of housing prices

Bulgaria ranked 26th in the world in the growth of housing prices in the first quarter of this year.  Such a conclusion analysts newspaper Global Property Guide, consisting of the relevant rating. According to the publication, the average price of houses and apartments in Bulgaria for three months rose by 2.3% compared to the same period last year. Inflation was slightly more than 1%.

In the first quarter of 2013, Global Property Guide recorded decline in value of property in Bulgaria by 4.5%. After 12 months, the situation has changed radically, which confirms the assumption that the early recovery of the Bulgarian market. Nevertheless, Bulgaria is ranked seventh among the participants in the rating – the countries with the lowest rates for residential buildings.
The most active emerging markets real estate in Europe, recognized Austria , Sweden, Germany andSwitzerland . These borders and Turkey . Demonstrate good potential Baltic countries as well as Great Britain and Ireland. But there is a further increase in the basic indicators prevents interference by the authorities, who decided to change the law relating to either tax or immigration policy.

In the global market leader in development dynamics of real estate markets are still owned by Dubai, where prices for the year increased by 31.57%. In general, experts are optimistic about the prospects of the Persian Gulf.
Rising house prices Global Property Guide recorded in 31 of 45 markets studied. But excluding inflationproperty has risen in 33 countries. Thirty of these prices in the first quarter of this year increased much faster than in the first three months of last year.

According to experts, the positive dynamics of Bulgaria encouraging and suggests that in the coming years in the local market will come significant foreign investment . However, if the country will remain in the third ten ranking, it is unlikely to be able to attract the attention of institutional players. Bulgaria should overtake at least another dozen competing countries to rely more on “piece of cake”, experts say.

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