Saturday, July 7, 2007
Now there’s a suprise – NOT!
David Cosgrave, representative of Romanian real estate company, Off-Plan, reveals in a frank interview that real estate has been oversold by agents. He said that "Bulgaria is over." The country had been "a disaster for investors in the UK and Irish markets," he said, as quoted by the Romanian magazine The Diplomat. Property prices in Bulgaria "have not grown and rental yields are low."