The Sofia Glove has reported that Bulgaria property prices rose between 6% and 8% during the 2017 year.
In an interview with Kaloyan Boganov he indicated the growth of Bulgaria property prices is mainly in large cities. In smaller towns, the figures are smaller. He pointed to factors such as historically low interest rates and an increase in demand as the reasons for the growth.
Also mentioned were the well documented fact that salaries in Bulgaria are increasing. Bulgaria is much like every other country in the world in seeing the masses flocking from rural areas to large cities. The effect of this is of course that we see city prices increasing and rural areas lagging far behind. Continue reading Bulgaria Property Prices continue strong growth in 2017