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Posts Tagged ‘romanian real estate’

International Property News Beat – Luxury US Homes, Romanian Property Losing Steam & Super-Rich Hotspots

by Overseas Property Mall on Monday, September 29th, 2008 in Property News Summaries

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Bulgarian Property Slowdown

by Overseas Property Mall on Saturday, August 23rd, 2008 in Bulgarian Property, Eastern European Property, European Property, Romanian Property

A two sentence mention about Bulgaria in last week’s Economist’s sent tremors down the Bulgarian property industry. It was in a large sense a reality check for many still illusive about the over-supply situation lurking the Bulgarian real estate industry. romania-bulgaria-eu_1.jpgHere is what the Economist had to say:

Despite the EU’s worries about corruption and organised crime in its newest (and poorest) members, Romania and Bulgaria, their economies have been growing fast at around 7-8% a year. They are now leading candidates for a hard landing. A property bubble in Bulgaria seems to be on the verge of bursting, though this has still to filter through to the rest of the economy.

The general consensus of the article is the inevitable slowdown in Eastern European economies after a decade of exceptional growth.

Photo Credits: cfarivar [Flickr]

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