Housing prices in Bulgaria during the first quarter of 2009 are down nearly 18% compared to the same period in 2009....

WOW! That is some drop.. They didn't tell us that would happen in my 'Places in the Sun' Magazine. MJC

dont think they can go much lower you can buy a decent house for less than you can buy a Skoda how mad is that

Shame prices are dropping again especially when you see the work that some of the owners have put into the house. Some are selling fully furnished etc bargains or what It is certainly a buyers market now in Bulgaria Sooner or later the prices will shoot up.

but surley ,is it not a case of they went way over a realistic price in the first place ,in the last few years

the first quarter of 2009 was jan feb march april.we are now in 2010 12 months later prices have changed



Mike

There is absolutely no logic in making comparisons between the Bulgarian housing market &
the UK..The simple reason the BG housing market has fallen is.. no company wants to invest in a country whose biggest export is corruption..by the same token .. As a new member of the European Union it hasn't conformed to the EU sanctions which was part of its conditions of entry.

Its tourist industry is a dead cat bounce..simply because they out-priced it...For a country that have been building houses before the UK it sure ain't learnt a lot... The Government treat their foreign contingent with contempt with an abysmal justice system &
the billions that were allocated for restructuring of the Country has been stolen..Now these are not recipes for a vibrant housing market are they ? MJC

PS
I have only just scratched the surface.. Brussels will fill you in on the rest. Nite! Nite ! MJC

If anyone looked at the National Statistics Institute report, you would see that the prices quoted are only those for flats (not including new build apartments) and no houses. There is a clear note on the figures saying Flats prices only (new flats are excluded)

FlorryB wrote:

If anyone looked at the National Statistics Institute report, you would see that the prices quoted are only those for flats (not including new build apartments) and no houses. There is a clear note on the figures saying Flats prices only (new flats are excluded)

Well put FlorryB I didn't know that but its interesting to know what is included?

sarah