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Unicredit Maps Out Real Estate Sector Growth Trends

Fast wealth accumulation and the aspiration toward higher living standards will shape demand on the real estate market in Bulgaria, Kristofor Pavlov, chief economist at UniCredit Bulbank, told the Annual Summit of the European Bank for Reconstruction and Development in Kiev, Ukraine.

The balance of demand and growth factors shows that prices of real estate will slowly ease in the next few years, according to Pavlov's report, made available to The Sofia Echo on May 19.

Bulbank expecst that the growth of loans and the evening-out of real revenues to continue to support growth in residential prices despite that the market will remain far from the growth rates observed during the past year, Pavlov wrote.