Bulgarian Property Prices - How low can the stay?

It seems inevitable that with the current amount of interest in proeprty in Bulgaria that the bubble will have to burst soon, bringing prices on par with some of its closer neighbours. Not necessarily so! Set to join the EU in 2007, Bulgaria will reap the benefits of EU coffers but it will be some time before the Bulgarian infrastructure reaches Western standards. Unitl it does, prices will remain very competitive. Like other Eastern European countries such as Latvia and Estonia, it could take up to ten years for property prices to rise on par with the rest of Europe. So it seems, the window of opportunity in Bulgaria is still open for those interested in buying a home there. It is likely to remain open for some years to come.