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Bulgaria Residential Property prices remain stable despite crisis

Date: 28.11.2008

Despite the record reduction worldwide, triggered by the global financial crisis, residential real estate prices in Bulgaria remain stable, according to data from a research conducted by the British real estate consulting company Knight Frank.

Knight Frank Research provides strategic advice, forecasting and consultancy services to a wide range of commercial and residential clients including developers, investors, financial and corporate institutions.

Great Britain, which registered a residential property price reduction of 4,6% is among the countries suffering the effects of the crisis the most, along with Latvia, Norway and Canada.

Bulgaria and Russia register stable residentila property price increases, but in the last trimester there is a reduction of nearly 3%, which, according to the "Knight Frank" experts could indicate a turning point.

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