Marxian economics
Property Prices Surge in Bulgaria: Why Sellers Are Finding It Harder to Close Deals
According to recent data from the National Statistical Institute (NSI), residential property prices in Bulgaria surged by 16% in the first quarter of 2024 compared to the same period last year, marking the highest growth rate since 2022. This increase is notably higher than the 10% rise observed in 2023.
Property market gap widens
Three years have passed since the last setting of properties' taxable rates (known as objective values) and already in some districts of the capital, but also in areas popular with tourists, the difference with the commercial sales prices is chaotic.
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Short supply lifts house prices
A total of 212,000 homes are estimated to be missing from the Greek property market, according to a study by Piraeus Bank. This is the reason why prices are 14% overvalued today, compared to the level they should be at according to the fundamental macroeconomic figures of the Greek economy.
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Greedflation not a passing storm
Inflation is, of course, not only a Greek problem or just an imported problem. It's also not like a storm that can't be dealt with and you just wait for it to pass. Nor, again, is it a neutral phenomenon: It redistributes wealth. As long as consumption holds up, producers and retailers raise prices and profits. Are we experiencing greedflation?
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Transparency and competition
Even if a reduction of value-added tax is not the solution, the continuation of high food prices is a problem that is taking a toll on society.
The Greek market suffered from a lack of transparency and healthy competition even before the current inflation crisis began, and while some efforts were made to deal with these problems, they were obviously not enough.
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Geocultura | Thessaloniki | To May 21
"Geocultura," inspiring the connection between cultivation of the land and cultivation of the mind, is the broad theme of the 8th Thessaloniki Biennale, running out of the Macedonian Museum of Contemporary Art (momus.gr) at different venues across the northern port city.
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The cost of housing
All available data shows that real estate prices, mainly in Greece's urban centers, are rising fast.
The problem is not just here in this country, but the cost of housing in relation to income is much worse in Greece than in the rest of Europe.
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The real estate market in Serbia is still hot
As long as demand is greater than supply, apartment prices will go up, architect Branka Bonjak tells RTS and reveals when prices are expected to start declining.
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A mysterious new substance may have been found in the Earth’s core
If these theories prove true, it could help us understand a lot about why the Earth’s core seems to change constantly
Is Bulgaria In For Higher Staples Prices as Gas Prices Rocket
In the studio of "Hello, Bulgaria" talkshow financier Emil Harsev and economist Stoyan Panchev commented on whether Bulgaria should expect a new leap in the prices of staples due to the appreciation of natural gas.I expect the prices to rise tby over 12 %. Harsev predicted.