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In contrast to the developed world, Bulgaria still keeps the trend where as much as 87% of people’s wealth constitutes of real estate, a UniCredit Bulbank analysis suggests. The bank explains the tendency resulted from Bulgarians’ traditional proneness to investments and savings on the real property market.
At the same time, the capital markets in Bulgaria are quite underdeveloped, senior economist Milen Kasabov comments.
Sourse: Focus News Agency