Comments on: Property Prices Around the World http://internationalpropertyinvestment.com/property-prices-around-the-world Property Investment around the World - Buying Investment Properties Fri, 12 Mar 2010 19:49:03 -0800 hourly 1 By: Mark Knowles http://internationalpropertyinvestment.com/property-prices-around-the-world#comment-22839 Mark Knowles Wed, 29 Apr 2009 17:14:22 +0000 http://internationalpropertyinvestment.com/?p=2412#comment-22839 Yes - you are probably right. I have a feeling we are going back to 1990. Almost like a time machine - only more painful ;) Yes – you are probably right. I have a feeling we are going back to 1990. Almost like a time machine – only more painful ;)

]]> By: thetravelbug http://internationalpropertyinvestment.com/property-prices-around-the-world#comment-22838 thetravelbug Wed, 29 Apr 2009 17:05:12 +0000 http://internationalpropertyinvestment.com/?p=2412#comment-22838 "This is overly optimistic I feel, given that listed prices and sale prices often bear little relation to each other and there are now a fairly large number of properties for sale in Bulgaria on our free listing site. As an example, a plot of land overlooking the sea is only 35 euros a square meter." I think it is fair to say that prices are down to 2007 levels in Bulgaria, although this is mainly in relation to rural and town houses and city dwellings. It is safe to say the same cannot be said for apartments in the overhyped resorts such as Sunny Beach and Bansko where apartments can be bought for a third of what they were sold at. A plot of land over looking the sea at 35E/sqm is probably rather overpriced now, given the market and glut of plots and properties for sale around the coastal resorts. A more realistic selling price, depending on whether it has planning or not, might be 20 to 25 E/sqm. Listed prices and actual sale prices are always going to differ in times such as these. Indeed in the UK, listed prices and sales prices are now reported to differ by 10 to 15%, sometimes much more. Rachel http://www.thetravelbug.org “This is overly optimistic I feel, given that listed prices and sale prices often bear little relation to each other and there are now a fairly large number of properties for sale in Bulgaria on our free listing site. As an example, a plot of land overlooking the sea is only 35 euros a square meter.”

I think it is fair to say that prices are down to 2007 levels in Bulgaria, although this is mainly in relation to rural and town houses and city dwellings. It is safe to say the same cannot be said for apartments in the overhyped resorts such as Sunny Beach and Bansko where apartments can be bought for a third of what they were sold at.

A plot of land over looking the sea at 35E/sqm is probably rather overpriced now, given the market and glut of plots and properties for sale around the coastal resorts. A more realistic selling price, depending on whether it has planning or not, might be 20 to 25 E/sqm.

Listed prices and actual sale prices are always going to differ in times such as these. Indeed in the UK, listed prices and sales prices are now reported to differ by 10 to 15%, sometimes much more.

Rachel
http://www.thetravelbug.org

]]>