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| Bulgaria Named Fastest Riser on World's Property Market |
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Business Property prices in Bulgaria rose faster than anywhere else in the world in 2007, according to a survey by a leading British estate agency. The European Union's newest member topped the latest Knight Frank Global Price Index with an annualised property price growth of 30.6 %. Bulgaria ranked three percentage points above the south-east Asian economic powerhouse of Singapore. "Despite numerous concerns over the level of oversupply in a number of locations within Bulgaria - notably the winter ski resort of Bansko and selected coastal resort locations - Bulgaria has supplanted the previously top performing Baltic hotspot at the top of the Knight Frank league," the report declared.
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