Real estate prices in Bulgaria are officially sinking
The Bulgarian real estate market is affected by the financial crunch. Prices are declining in 23 out of the 28 regions in the country, with the region of Veliko Turnovo registering a drop of 11.7 per cent, Varna a significantly smaller drop of 1.3 per cent and Sofia with 0.5 per cent. Bourgas is the only region in Bulgaria that has recorded a rise of 2.1 per cent, weekly Stroitelstvo Gradut reported on January 26 2009.