Bulgaria tops Knight Frank house price index

03.06.2008

Residential property price inflation continued to slow in the first quarter of '08, falling to below 5%, compared to the 8.2% recorded the previous quarter and 9.8% over the 12 months to Q1 '07, said real estate advisory firm Knight Frank. Bulgaria continues to confound market fears of oversupply and has so far proved immune to the deceleration seen in much of the continent, said the company. Since Q2 '07, Bulgaria has been the best performing location in the Knight Frank Global House Price Index. While the rate of growth in the price of flats was lower than in previous quarters, it was nonetheless maintained at over 30%, again being driven by the performance of areas bordering Romania such as Ruse and Vidin, as well as the capital Sofia, where year-on-year price inflation exceeded 60%.

Source : Dnevnik a.m.