Home » Business

Experts optimistic about estate sells despite crisis

Submitted on Friday, 24 October 2008No Comment

The effects of the international financial crisis will have effect on Bulgaria mostly through harder access to credit resources by banks and increase of interest percentage.

Despite that, the effects will be contained and drastic decreases of estate prices as seen in the US and the UK will be evaded in Bulgaria. The participants of the club meeting of came to that conclusion during a discussion regarding the future of estate markets in the context of the international economical crisis.

According to Strahil Ivanov, CEO of Yavlena agency, the variation of prices will be in the range of 10%, and the estates in the best places will not lose any value.

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

More news from Business

» Large discounts for Bulgarian property
» Bulgaria real estate property increasingly attractive for Russians
» Russian pressure for the nuclear power plant Belene
» ORS aren't changing their plans for Bulgaria
» 700 jobs opened for the construction of Mall Pleven