Bulgaria has once taken the lead in world real estate price increase in the last quarter of 2007, a ranking of the British company Knight Frank shows. The prices have gone up by 33.7% compared to the same period in 2006. Bulgaria was in the lead in the third quarter as well, when the annual increase was 30.6%.
The increase was greatest in the regions of Vidin and Rousse while in Sofia it even exceeded 50%. Bulgaria is followed by Singapore (31.3%), Russia (30%) and Poland (22.4%). However, there was a decrease in the real estate prices in the USA (- 0,3%), Germany (- 4.3%), Latvia (- 7.1%), Ireland (- 7,3%) and Estonia (- 14.5%).
Sofia also ranked 51st from a total of 58 locations in a 2007 office price ranking, a Cushman & Wakefield report reads. The average monthly office rents in Bulgaria amounted to 19 EUR/sq.m.
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To think 20 years ago in Spain you could buy a large Finca/Villa with Land for £10 grand - the same Finca today is £400,000 to £1 million - Bulgaria has snow Mountains, white sandy beaches, is in the EU and is just at the start of a massive property boom.
A good start is to get one of the free guides available from a link on this page. Free inspection flights and property guide. A 3 course dinner in a good restaurant in the Capital Sofia with Local wine will set you back £7 per head. Beer 50p a Pint, and a quote from the Daily Mail "a 14 year old hooker for £3.00" So a bit of a wild west type of place with great beauty, but also a very seedy side if you like that kind of thing. Property is going up at 33% a year in the more popular resorts and buildings are going up all over the place. Bloody Amazing! We bought a 3 Bed Villa 2 years ago for £12,000 we have added a Pool for £4000 and spent £3000 on tarting in it - its now worth £40,000+ - 3 Bed Villa with Pool, sea and mountain views. Bloody el! 40k We are on our 3rd project now, a run down Chateaux with 12 Bedrooms that we purchased for £17,000 it will make a great Bistro/Hotel with spectacular views of the Rila-Rhodope Mountain range.