2012 was the fourth year in a row to see the prices of real estates in Bulgaria going down.
At the height of the crisis in 2009 and 2010 the slump was over ten percent, while in 2011 and 2012 it was under five percent, the website imot.bg reported.
Last year, the property market in Sofia and the big cities was again driven by demand - those who needed fresh capital would sell their homes to people who needed one. As a result, the prices of real estates in Bulgaria's cities dropped a little - by four or six percent in 2012.
Real property prices in Sofia are expected to hit rock bottom in 2013 and the market is expected to stabilize.
Source: http://paper.standartnews.com/
(15.01.2013)