Asen Vassilev on Bulgaria’s Eurozone Transition: No Expected Price Hikes, but Real Estate Costs May Rise
Real Estate
The co-chair of "We Continue the Change," Asen Vassilev , said he does not expect a surge in consumer prices in Bulgaria after the adoption of the euro , arguing that the concerns are not backed by evidence. He explained that in countries that have already switched to the euro , any price growth was mainly seen in real estate, not in daily goods or services. Such a trend is likely to be observed in Bulgaria as well, he noted, while also recalling that real estate prices rose after Bulgaria
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