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Property prices in Bulgaria rose more than in other European Union Member States in the last quarter of 2015 compared with the preceding quarter, according to Eurostat.
In October–December 2015, house prices in the country rose by 3.1% compared with July–September. By comparison, prices at EU level remained unchanged, with growth in the euro area.
On an annual basis, Eurostat recorded a 4% rise in house prices in the country—slightly above the EU average of 3.8% and the euro area average increase of 2.9%.
For the quarter, Latvia (2.3%) and Sweden (2%) ranked among the countries with the strongest house-price growth, while the steepest falls were recorded in Cyprus (-4.2%), Lithuania (-2.1%) and Austria (-1.7%), according to “Standard”.
The largest annual house-price increases were recorded in Sweden (14.2%), Hungary (10.3%) and the United Kingdom (7.1%), while the sharpest falls were in Croatia (−2.1%), Italy (−0.9%) and Cyprus (−0.6%).
Property investment in Bulgaria guarantees an excellent investment, both through capital appreciation and through income guaranteed by the rental market.
Relying on qualified professionals is necessary to make a secure investment and reap its benefits.
De Amicis & Petrova Law Firm provides advice and assistance to carry out a property investment securely.