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Bulgaria property prices increase for first time in four years

Bulgaria property prices have risen for the first time in four years, according to new figures.

Knight Frank's latest report shows that after several years of market decline, Bulgarian real estate values have started to recover. Prices fell by 2.6 per cent in June 2012 compared to the previous year, but on a quarterly scale the picture is far more positive. Prices dipped in the first three months of2012 by 0.3 per cent, but the slip was almost reversed in the second quarter of the year, with values rising by 0.2 per cent;
the first increase in the market since 2008.

Indeed, Bulgaria ranked 39th in the Knight Frank Global House Price Index, far above the falling markets of Greece, Spain and Italy.

The news follows increasing demand for Bulgarian property on TheMoveChannel.com, with the country reentering the overseas property portal's top 10 most popular destinations this summer.