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Bulgaria Real Estate Market On the Up

28 мая 2009

The prices have reached the psychological minimum of EUR 700 to EUR 1000 per square meter, and they cannot be further decreased.

Bulgaria’s real estate market has started to recover after the decline in the last few months.

Experts from the National Real Property Association have announced Thursday that the number of deals increased in March and April, after the stillness in the market from December 2008 to February 2009.

The prices have reached the psychological minimum of EUR 700 to EUR 1000 per square meter, and they cannot be further decreased, the analysts said.

Bulgarians have EUR 2-3 B of savings and probably the money will be invested in real estate, the experts explained.

Source: www.novinite.com

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