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Residential Property Prices will rise up to 20% by 2010
Last update: 2008-03-06 00:28:44
PropertyBulgaria is the world's strongest price riser in 2007 and the property market surely will keep up its momentum over the next two years, experts confirm.

Although the global cooling of the property market residential prices are forecast to rise up to 20% in 2008 and 2009.

Mortgage credits grew by 67% in 2007 as compared to the previous year, Levon Hampartzoumian, UniCredit Bulbank CEO commented, denying reports of a speculative bubble in domestic lending.

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