26.01.2012 Apartment prices in regional cities with minimal change in 4Q 2011
Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES based on NSI data
On an annual basis (compared to 4Q 2010) prices of apartments in the regional cities dropped by an average of 6.2% which is almost the same as the annual drop reported in 3Q 2011. The real decrease of prices of apartments after inflation (calculated with the Harmonized Index of Consumer Prices HICP) is 2% compared to the previous quarter and 8.5% year-on-year (compared to the same quarter in 2010).
According to the NSI data the average price of an apartment in the regional cities in Bulgaria in the last quarter of 2011 was 453 EUR/sq.m. and prices in the capital Sofia and Varna are similar. These are the prices at which apartments in the biggest cities were sold in the last few months of 2011:
• Sofia – 743 EUR/sq.m
• Varna – 743 EUR/sq.m
• Plovdiv – 485 EUR/sq.m.
• Bourgas – 596 EUR/sq.m
• Stara Zagora – 455 EUR/sq.m
• Rousse – 430 EUR/sq.m
• Veliko Tarnovo – 365 EUR/sq.m
For Sofia the nominal decrease in prices in 4Q 2011 is -0.22% compared to the previous quarter and -7.2% year-on-year. After inflation (through HICP) prices of apartments in Sofia decreased by 0.65% compared to the previous quarter and by 9.5% compared to the same period last year.
The accumulated nominal price decrease of apartments in the regional cities in the last 3 years since the beginning of the crisis is 37.5%, as the accumulated price decrease for Sofia is 41%. The accumulated real decrease in prices (after inflation) since the beginning of the crisis is 42% on average for the country and 45.5% for Sofia.
Here is detailed data for the changes in apartment prices in the big cities around the country in 4Q 2011:
Nominal and real change of prices compared to the previous quarter:
• Sofia – nominal growth (-0.22%) and real growth (-0.65%)
• Varna – nominal growth (-2.6%) and real growth (-3.02%)
• Plovdiv – nominal growth (-2.9%) and real growth (-3.3%)
• Bourgas – nominal growth (-1.53%) and real growth (-1.96%)
• Stara Zagora – nominal growth (+3.4%) and real growth (+2.95%)
• Rousse – nominal growth (-2.91%) and real growth (-3.33%)
• Veliko Tarnovo – nominal growth (+0.94%) and real growth (+0.5%)
Nominal and real change of prices compared to the same quarter of the previous year:
• Sofia – nominal growth (-7.2%) and real growth (-9.5%)
• Varna – nominal growth (-5%) and real growth (-7.35%)
• Plovdiv – nominal growth (-8.34%) and real growth (-10.62%)
• Bourgas – nominal growth (+2.08%) and real growth (-0.45%)
• Stara Zagora – nominal growth (-1.5%) and real growth (-3.94%)
• Rousse – nominal growth (-1.23%) and real growth (-3.68%)
• Veliko Tarnovo – nominal growth (-10.96%) and real growth (-13.17%)
According to NSI annual data the biggest price drops in 2011are registered in Dobrich (-10.28%), Gabrovo (-17.27%), Pernik (-12.58%), Shoumen (-15.03%), Veliko Tarnovo (-10.79%) and Vidin (-11.8%).
Copyright: 2012 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: email@example.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
© Bulgarian Properties Ltd. 2012.
TOP PUBLISHED OFFER
2-bedroom apartment for sale in Sofia https://www.bulgarianproperties.com/2-bedroom_apartments_in_Bulgaria/AD24292BG_2-bedroom_apartment_for_sale_in_Sofia.html
Two bedroom apartment in a new residential area of Sofia Spacious two-bedroom apartment in the district of “Vitosha” very close to "Maxi" complex. The apartment is ... read more
|106.64 m2||read text||€ 69,500|
TOP SOLD OFFER
1-bedroom apartments for sale in Golden Sands https://www.bulgarianproperties.com/1-bedroom_apartments_in_Bulgaria/AD20273BG_1-bedroom_apartments_for_sale_in_Golden_Sands.html
One-bedroom park view apartment in Golden Sands Fully furnished 1-bedroom apartment with homely atmosphere, 50 m away from the beach! This completely ... read more
|69.00 m2||no||€ 47,000|
read more newsletters
Following a strategy for presence with our own offices in all major cities and resorts in Bulgaria, we are most pleased to announce that we have opened a new office in the coastal city of Burgas!
It is located in a modern office building in Lazur area with address:
5, Adam Mitskevitch Str., etrance B, fl. 2, office 2
Burgas Office on the map
Tel: +359 56... read more
Public transport in Sofia is getting greener in recent months. This is why the new YUTONG E12 electric buses, which run on the public transport lines in the capital, contribute to this.
Changing transport habits is a very slow process that requires new behavior, investing new infrastructure, investor.bg reported. YUTONG E12 buses run for 5 months now in Sofia.
These v... read more
Mount Rila is breathtaking! In the winter it displays the snow caps of its peaks. In the spring it looks perfectly rejuvenated in its lush garments, in the summer it gleams with the scorching bright sun and in the autumn fascinates the eye with diverse colorful sights.
One of the lurin... read more
All photos, texts, video clips, charts and banners on our website are property of our company or of our partners and are protected by the Copyright Act of the Republic of Bulgaria. Any unauthorized use of photos, texts, videos and other materials from our website by third parties will be subject to immediate claim on the part of the copyright owners. The information on our website is with information and advertising purposes. Alhtough we have made all efforts to provide accurate information, there may be some mistakes. For full and correct information is considered only the information received at the offices of Bulgarian Properties Ltd.