Bulgaria tops house price league
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Bulgaria comes top of the league for house price growth, registering a price rise of 30.6% for the first nine months of last year.
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Business & money: Jitters in world financial markets over US housing market send pound to $2.06 against the dollar.
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The Bulgarian Stock Exchange in Sofia said Wednesday it was introducing a new stock index dubbed BG-40 that would include the 40 most liquid local companies for the past six months.
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British house prices advanced this month at the fastest pace since December, bolstering the case for an interest rate increase by the Bank of England next week. The average cost of a home rose 1.1 percent from May, to Â£184,070 ($368,000), according to the Nationwide Building Society, the biggest mortgage lender in Britain. âThe bounce-back in June is a bit stronger than expected,â said Fionnuala Earley, chief economist at Nationwide. âIt looks like the bank will bring forward the decision to increase interest rates, and increase the risk that rates get to 6 percent this year.â.
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House price inflation in England and Wales stabilised in November, according to the Land Registry.
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House prices in Wales again see the highest average rise, with some homes in north Wales doubling in value.
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Business & money: House prices rose by just 0.8% last month as the planned June 1 start date for home information packs drove more sellers on to the market.
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The homes in these hamlets are among the priciest in the country.
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Business: 24 September 2004, Friday. Bulgaria's first commercial real estate expo opened doors in Sofia, bringing under the same roof bankers, entrepreneurs, investors and broker agencies.
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Bulgarians voted Sunday in municipal elections that attracted a record number of candidates given the scheduled influx of millions of euros in EU funding over the next few years.
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Business: 10 December 2004, Friday. The international investment ratings agency Standard & Poor's has assigned their BB credit rating to Plovdiv, the second largest city in Bulgaria.
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More than 10,000 people protested in the streets of Bulgaria&#039;s capital Tuesday to demand changes in the government&#039;s economic and social policy, which they blame for the country&#039;s rising cost of living.
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OTTAWA (CP) - A robust housing market and higher prices for building materials, labour and land pushed up prices for new houses across the country in August, says Statistics Canada.
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Business: 25 November 2004, Thursday. Bulgarian government has planned to float 35% of its stake in the Bulgarian Telecommunications Company (BTC) at the Sofia Stock Exchange, Bulgarian National Radio reported.
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The average price of a home in the UK surged in January, according to official figures.
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British families are buying houses and settling down in the picturesque region of Dryanovo in central Bulgaria as local inhabitants escape abroad in search of work.
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Two chemical companies and Black Sea resort operator Albena shares rallied Tuesday lifting Bulgaria's blue-chip index SOFIX by 5.72 points or 0.86% to an all-times high of 670.70 points.