How to prevent further deepening of the worldwide financial crisis?

Worldwide financial crisis also bring property prices in Bulgaria down to a more acceptable level, closer to real values and with the cheapest real estate in Europe this means Bulgaria is still an even better investment.

Bulgaria, Varna Black sea coasts property remains an attractive destination for low price and highly real estate investment.

Bulgaria has the highest rate of home ownership in Europe, but most Bulgarians do not have mortgages on their properties, which mean that they are not negatively affected like their UK counterparts who are now looking at high mortgage rates and negative equity.

Most Bulgarians also live by the old saying "Save a penny for a rainy day" and have a little put by to help them through any periods of difficulty. Again this is dissimilar to some of their European neighbours who spend today without thinking of tomorrow.

An Industry Watch survey shows that Bulgarians maintain over 88% of their money in cash or in deposit accounts, whereas the rest of Europe keeps only 34% aside.  The Bulgarian’s traditional mode of saving limits household losses because they only hold around 12% of speculative financial capital; within the rest of the EU and of course America, people are exposed to higher degrees of risk and are therefore more liable to be affected by the fluctuation within capital markets. Bulgarians are extremely cautious with their money – they do not earn a lot, but still manage to save for things like their children’s education or for property repairs. Low income earners generally save to keep risks minimal.