Real Estate Crisis in the Balkans Has Deepened

Published: June 28, 2012; 17:40 · (Vindobona)

Due to the economic crisis in Southeastern Europe, real estate prices are still falling. Since 2008, prices fell by up to 50%.

Real Estate Crisis in the Balkans Has Deepened / Picture: © Flickr

After 2008, prices for real estate in the Balkan region have declined steadily. On average, the price reduction came at 30% to 50%. In Montenegro, the prices fell by up to 80% in some regions. In Croatia, the real estate market stagnates. According to estimations, about 50,000 to 60,000 flats are vacant. In Romania, the situation is more or less the same. In the Bulgarian capital Sofia,…

This article includes a total of 213 words.

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