Thursday, December 13, 2007

Bulgaria is a Real Eastate Pyramid

This fueled real estate bubbles across the stronger Mediterranean economies (Spain, Portugal, France, Greece) and, later on, in Western Europe. These bubbles in turn spread across Eastern Europe, first in the Czech Republic, Poland, and Hungary, and later on in the Baltic countries (Latvia, Lithuania, Estonia) and the Balkans (Romania, Serbia, Bulgaria). For all practical investment purposes, the real estate bubble has not spared a single country in Europe.

source: bulgarianpropertyagent.com

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