Property Investor Says Bulgaria Housing Market Is “Not a Bubble”

A Bulgarian real estate investor has said, in an interview with BNR, that the property market is moving from “euphoria to reality,” but insisted that there is no sign of a bubble or imminent price collapse. Speaking to Bulgarian National Radio, investor Ivo Dimovski, who operates in both Bulgaria and Germany, argued that rising property prices are largely driven by strong domestic demand and higher construction costs. “Bulgarians like to invest in property and this inevitably leads to the fact that prices become very high....