Will house bubble hit Black Sea region?

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A villa overlooking the Black Sea? Or a flat in the Bulgarian capital, Sofia? If you happened to be ...

A villa overlooking the Black Sea? Or a flat in the Bulgarian capital, Sofia? If you happened to be vacationing in the area this year, you might have noticed just how temptingly cheap all those properties for sale are. Now you can take a chance on the market without going to the trouble of dealing with real-estate agents and lawyers. Several recent initial public offerings in London have been designed to raise money for the booming property market of Bulgaria. Some other share sales were aimed at the Russian market. The catch-up between property values in Western and Eastern Europe isn't...

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