Bulgaria 9th in Real Estate Prices - Knight Frank Report

novinite.com, 2009-06-02

     Bulgaria property prices rose by 3,3% for 2009's first quarter year-on-year, putting the country in 9th position in the latest Knight Frank on world property prices.
     The last week issued report of the consulting company showed that Bulgaria had lost its last year's second place.
     The report also showed most markets to be still in a general downturn over the global financial crisis.
     Some countries bucked the trend with increases in year-on-year property prices, including Bulgaria.
     Knight Frank said that there was some evidence of buyers now snapping up bargains but that others were holding back hoping prices may fall lower.
     The global property index showed Israel as the top performer with growth of 10,9% over the 12 month period to the end of March 2009. Israel is followed by the Czech Republic with an increase of 9,9%.
     The biggest fall during the first quarter of 2009 was Dubai, which showed a huge decrease in property values by 40%.

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