Bulgarian home prices gained more than 30 per cent year-on-year in the second quarter of 2008, placing the country atop the global index of UK-based property consultancy Knight Frank, released on September 2.

Meanwhile, the number of countries with a price decrease is increasing. Price growth is slowing down in Western Europe, unlike Asia and Eastern Europe, which have been enjoying an upward trend.

Bulgaria topped the ranking in terms of housing price growth for a fourth quarter in a row.

This result clashed with Bulgarian real estate agencies’ data on a price slow-down since early 2008.

Lower down on the Knight Frank list of price growth were Slovakia, with 31 per cent, and Russia, with 26 per cent.

Second-quarter housing prices in the Czech Republic and Hong Kong rose by more than 25 per cent.

Source: dnevnik.bg