Mortgage and banking crisis in the U.S. and in Europe, followed him and the crisis in the stock market corrected the situation in the global real estate market, as well as the real estate market in Bulgaria. In early 2008 the price for property in Bulgaria continued to grow rapidly – in the first quarter of 2008, average growth in property prices has been about 4 percent. Most Bulgarian banks during this period continued to lend without limit and construction work continued until the seasonal ban on construction in the resort areas of Bulgaria (the Black Sea coast – from May 15 to October 15). The first slowdown in prices was noted in the second quarter of 2008, despite the fact that prices have continued to to grow as it always happens on the eve of the active summer season at sea and during the actual season (May – September). In the third quarter of 2008, the real estate market in Bulgaria started to feel the consequences of the global financial crisis. Some banks have stopped lending to buying property in ski and sea resorts. The growth in property prices has slowed noticeably in summer resorts and ski resorts in the prices of almost ceased grow, basically – because of the serious problems associated with the ability to pay the British had invested part of its assets in resort real estate in Bulgaria. At the same time, in anticipation of the recession of construction, prices fell on concrete brick and other building materials.