Interesting News!

Hi there!

There are a few new news clippings posted on http://Good2004.biz. One is quite interesting for us real estate types... It talks about the number of people in a country (like Bulgaria) who own real property. The surprising thing, at least for me, is the fact that over 90% of the Bulgarian people own one or more pieces of real property! The factor is the highest in Europe and one of the highest in the world. The lowest in Europe is Switzerland.

Trying to analyse the information myself, I suspect that the reason goes back to the typical Bulgarian practice of all the children of the parents inheriting equal shares of the family property. This is also what makes the purchase of family property such a nightmare - there can be 30 people or more who own a share of the property some members of the family are trying to sell. This is also what makes a good real estate agent or lawyer worth their fee or commission!

Again, take a look at http://Good2004.biz/news_clippings.htm to read the article.

Ciao for now...

Craig