Real estate bubble

The property boom is coming to an end, according to a study by Swiss bank UBS, with Frankfurt and Toronto topping the list of imbalanced markets.

The bank's annual study of the world property market looked at prices in 25 major cities across the globe.

In Sofia, even in the most distant neighborhoods, prices of 600 euros per square meter of living area are a mirage. This was told to Darik radio by Shtelian Kalchev, co-founder of a real estate agency with more than 10 years of experience in commenting on the scandal with the prices of the apartments of ruling party figures.

Nowadays real estate prices are increasing steadily ... Is the new home becoming a more distant dream? comments Bulgaria On Air TV show together with Nevena Stoyanova, a partner in a real estate agency, Snezhana Stoycheva, the manager of imoti.net and the singer Nora Karaivanova.

Buying or renting a new home is accompanied by a lot of stress and ... money.

Usually we understand if there is a bubble in a market it is just before it bursts, and before that we make very clever conclusions. My very clever conclusion is that we still do not have a real estate bubble, or at least it is not so inflated that we can expect it won't burst soon. This is what Georgi Pavlov, executive director of Address Real Estate, told Bloomberg TV Bulgaria.

Turkey's housing market has become a subject of debate among property market circles, with prices soaring dramatically in recent months. Those who like computer games may be familiar with "Bubble Trouble" - a fun game for children. The mission is to pop all the bubbles in order to advance to the next level.

Economic expert Guntram Wolff detailed the prospects and risks facing Greece in the long run, speaking to DW this week.

Asked if Greece is a special case and different from Spain, Portugal and Ireland, the Brussels-based analyst says:

I am often asked about the housing prices in Turkey lately. My questioners often want to confirm their sense that the housing bubble is going to burst, that a year or two down the line and they’ll be able to say “I told you so.” Have a look at the table below. It shows the increase in housing prices across Turkey between January 2010 and May 2014.

Major players in the construction industry have cautioned about a bubble risk on the real estate market and in the construction sector in eastern Bulgaria in the next few years.

Bubble fears are explained with the fact that the demand for vacation properties, mostly by Russian-speaking citizens, is concentrated there, according to reports of investor.bg.