Sat, May 26 2012

PROPERTY PRICES IN EASTERN EUROPE INCREASING FAST

Mon, Aug 14 2006 11:31 CET

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Property prices were registering the highest increase in East European countries, data of the British property company Knight Frank, presented in Financial Times shows.

Japan continues struggling with price decrease, the report said. Property in Hong Kong was also losing value after a previous boom.

Worldwide, property has become 8.5 per cent more expensive, the analysis showed.

Significant price increase was observed for property in Bulgaria and Estonia. According to the analysis the increase resulted from the equalisation of prices in Europe. Because of investor interest property prices in Bulgaria went up by 20.5 per cent.

According to predictions Slovenia and Slovakia would become Europe's property hotspots in the coming year. Economic recovery would also bring up property prices in Germany.

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