The price of luxury property in Bulgaria has fallen by 40% since the onset of the global economic downturn while the average residential real estate prices are down 28% year on year, according to the latest figures to be published.
The number of luxury property owners putting their houses on the market has doubled, says a report from real estate agency Unique Estates. But buyers are no longer interested in real estate priced at the top of the market.
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Luxury property prices down by 40% in Bulgaria as real estate market sees average 28% decline
