Low price of the property in Bulgaria. Why?

Недвижимость в Болгарии недорогаяWithin last 10 years that price of the property in Bulgaria has increased, still the Bulgarian property is the cheapest in the European Union. One of the the reasons is that the growth of the prices started from a very low point.

A 65-70 m2 one bedroom apartment in Burgas or Sofia with could have been bought in 2001 just for $ 10-12 000. Another reason for a low price of the property in Bulgaria is that the salaries in Bulgaria are the cheapest among all the 27 countries in the European Union. The average salary in 2017 was about 400 Euro. The minimum salary was 170 Euro.

The third reason of a low price of the property in Bulgaria is a low cost for the construction materials. Still they have a high quality.

Why is the price for the property in Bulgaria is low?

Why is the price for the property in Bulgaria is low?


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