For sellers

The Bulgarian Statistic Institute announces 5.9% increase of the property prices for the second quarter of 2008

24 July 08

The official government statistic published on the National Statistic Institute web site is again showing an increase of the prices of the property on a qatertery bases which demonstrates a great level of resilience of the Bulgarian Property Market.

The date can be seen here

The average increase is 5.9%.

This is another reassurance of the sustainability of the property sector and is totally in contrast with the gloom and doom articles in the western press. Yet, this statistic gives us one more reason for being optimistic and enthusiastic in advocating Bulgarian property market as a good place to invest.