Property prices worldwide have been rising steadily since 2008 because loans are becoming more accessible, stock values and other financial instruments are also rising. It is quite real the risk of raising interest rates, many of the mortgages being bad. There is such a risk on the capital markets.
Inflation has always been there, but we were used to seeing it in the financial markets, and now it is visible to everyone in many areas. In the current situation, the correct diversification of assets is key - not only individual in instruments, but also in individual sectors when we talk about shares. If the technology market is not growing as we are used to now, there are sectors that win - for example, energy companies.
High property prices in Bulgaria follow the trend worldwide, but this is only one reason. The second, most likely, is that the Bulgarian still has difficulty trusting other investment options other than real estate. This is one of the reasons why the country has 200,000 apartments that are empty because they are bought for investment purposes.
The whole interview, look at the video:
