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Overseas Property News
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Bulgaria's property market slows
Country: Bulgaria
4 February 2009
Bulgaria’s property market has finally shown signs of slowing, after official figures compiled by the country’s National Institute of Statistics (NSI) showed that Bulgaria property prices began to fall in Q4 2008.
Despite the property price slowdown in the final quarter of last year, the average price of a property in Bulgaria still recorded annual appreciation of 24.9% in 2008.
Sofia (excl. Sofia City), recorded the greatest levels of capital growth in 2008 (47.8%), followed by Lovech (35.7%), Plovdiv (33.1%), Pleven (31.8%), Ruse (30.9%), Yambol (29%) and Sofia City (28.5%).
However, a fall in demand for homes in Bulgaria is likely to see prices stagnate, or even fall - in some cases considerably - across some parts of the country in 2009.
Some Bulgarian agencies are reporting a fall of up to 40% in sales as a consequence of greater interest rates, a lack of liquidity and more stringent lending conditions.
See Also: bulgaria
Some properties in Bulgaria
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Price: £3,314
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Type: House
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Bedrooms: 3
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One-storey house situated in a big tranquil village in Central-North Bulgaria. The settlement is close to two main roads and stands within 45km north-west from the old capital Veliko Tarnovo.
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View details | Enquire further
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Price: £3,322
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Type: House
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Bedrooms: 2
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Two-storey house set in the village of Maslarevo, 18 km from the town of Polski Trambesh and 45 km away from VelikoTarnovo. It is a well-organized place close to a main road. The house spreads over 75 sq.m. living area distributed on two floors.
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View details | Enquire further
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Price: £3,322
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Type: House
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Bedrooms: 3
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Detached two-storey house with big garden in the village of Maslarevo, 18 km from the town of Polski Trambesh
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View details | Enquire further
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