No recovery in property prices in Bulgaria expected before 2011

[Nicholas Wallwork]

Property prices in Bulgaria, which have already fallen by 30% in the last 12 months, could fall*another 20% this year, according to experts in the real estate industry.

According to agencies such as Foros, Colliers, Address and Bulgarian Properties, real estate*values will continue to fall in the next few months. The more optimistic hope they will start*stabilising in the summer months but others think that no recovery is likely until well into 2011.

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[thetravelbug]

Certainly doesn't appear to be much improvement. I have sold two properties recently for friends but both sold at loss - getting half what they paid for them. I have had a few enquiries for mine but everyone needs to sell their own house, car etc to buy......little moving.