Experts forecast growth in Bulgarian property market
Property values in Bulgaria are expected to increase by at least 10% this year, according to industry estimates.
Local real estate agency Address stated that during the next 12 months, the country's housing market likely to experience further growth, reports BBJ.
Experts at the firm told a news conference that property values in some areas could go by as much as 15% over this period.
However, Address said that although prices were continuing to rise, the market was actually levelling off.
Figures from the company revealed that house prices went up by 18% in 2007 on a year-by-year basis.
According to the Global Property Guide, Bulgaria experienced a higher rate of house price inflation than anywhere else in the world last year.
The increase in property values was said to have outpaced that in all other countries, including the UK and China.
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