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Good news 30% growth in local terms, 15% in real terms

Discussion in 'Bulgaria Property' started by DC, Jan 17, 2008.

  1. DC

    DC New Member

    In 2007, bulgaria grew the fastest in property prices than anywhere in the world, when inflation was adjusted, this actually dropped to 15%, when you compare that to places like the UK 7% in real terms (inflation adjusted), it shows if you shifted your capital, you were making double your money.

    It surprised me, but 1 up for Bulgaria.
     
  2. Jain and Chris

    Jain and Chris Senior Member

    Yes, it was an excellent result and from what the agents are telling us, the trend is already continuing in these first few weeks of 2008.

    We've noticed a lot of businesses now moving in to the country; not surprising really with a corporation tax rate of only 10% !

    The buyers in 2007 changed too. They generally had much more money to spend and rather than thinking "cheap" they were looking for "quality".

    I believe this is making a case for "it's stylish, it's chic..... and it's Bulgaria!"
     
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