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Bulgaria housing market saw best growth in 2007

In 2007, the US housing market crashed, and Europe's housing market overall slowed down, according to the year end report of the Global Property Guide. However, popular destinations for second home buyers and investors like Bulgaria, showed a marked increase from 2006 continuing the upward trend.

Bulgaria saw the world`s strongest house price growth at 30.6% (15.4% in real terms) to end - Q3 2007 from a year earlier.

ANNUAL HOUSE PRICE CHANGE (%) - EUROPE
  2007* (LATEST)
END-2006
Bulgaria
Estonia (Tallinn)
Lithuania
Norway
Latvia
Sweden
UK
Poland
France (Paris)
Finland
Italy
Spain
Greece
Denmark
Netherlands
Switzerland
Germany
Portugal
Ireland (monthly)
30.59
23.38
13.64
11.56
10.22
9.86
9.68
8.38
8.27
5.88
5.6
5.31
4.18
3.95
3.77
2.56
2.04
0.49
-4.68
--
28.64
30.95
16.67
68.99
10.5
10.49
9.67
9.7
6.56
6.3
9.14
10.54
14.94
4.73
3.24
3.06
0.65
11.8

Annual house price change 2007 (%), adjusted for inflation.
Source: Global Property Guide

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