Bulgarian Property Investments - Why Are Prices Still Rising
Why Bulgarian Residential Property Prices are Still Rising?
The increase in residential Bulgarian property prices in the
recent months has brought a disgusting amount of media coverage
of the market these days. You can actually read articles about
their property investment in almost all daily and weekly
newspapers and magazines. Property investment has become an
attractive topic even to government officials, whose public
statements have caused even more increased hustle around
residential property investment prices.
The Bulgarian property investment market is just another free,
unregulated market, where the mechanisms of supply and demand
command the movement of prices up- or down. At the same time,
their unique property investment market has some specific
characteristics all its own, which make it an extremely unique
market. Some of these characteristics include: their lack of
sufficient information; a reaction lag when it is compared to
the other sectors of the economy; non-standard product; lack of
a mobility of properties, in addition to, buyers and sellers;
and a limited number of transactions that are available in one
person