Bulgaria: Transactions Increase in Bulgarian Real Estate Market - Novinite.com - Sofia News Agency
This is actually Bulgarians buying for between 40-50,000 Euro's typically, and whilst it represents a good sign it does little for the wider Bulgarian property malaise which is based upon the collapse of inward foreign investment.The collapse is about the lack of available credit which in turn is based upon falling property prices in the West and the banks unwillingness to lend to all but the most secure bets. Until this changes the situation is likely to flat-line.
This is actually Bulgarians buying for between 40-50,000 Euro's typically, and whilst it represents a good sign it does little for the wider Bulgarian property malaise which is based upon the collapse of inward foreign investment.The collapse is about the lack of available credit which in turn is based upon falling property prices in the West and the banks unwillingness to lend to all but the most secure bets. Until this changes the situation is likely to flat-line.
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