From 59 countries, Bulgaria is ranks 9th in the real estate markets in the world with rising prices of the properties
Compared to the global growth of house prices, this one in Bulgaria is twice faster on an annual basis, show data of consulting company which used the data for Bulgaria of the Eurostat European Statistical Office for the 3rd quarter of 2017. The new Eurostat Household Price Index for October-December 2017 will be published on the 7th of April.
The annual growth of the property prices in Bulgaria reached 9% for the period. According to the statistic The increase was 2,2% compared to the previous quarter.
Highest growth was marked in Island where property prices growth was with 15%. Island is leader.
Second place in the rank is taking Hong Kong with 13,7 % and 3rd in the rank is Czech Republik with increases of 12.3 % and 1,6 %.
The other countries taking place in top 10 rank are Ireland, Turkey, Serbia, Hungary, Latvia and 10th in the rank is Canada.
Among the weakest property markets in the world are Saudi Arabia, Finland, Poland, Italy, Greece, Brazil and Norway.
Accordingly to experts – the strongest regional property market is Europe and the weakest are Russia and the CIS countries.