26.01.2012 Apartment prices in regional cities with minimal change in 4Q 2011
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: firstname.lastname@example.org. 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.
We are slowly returning to our normal everyday lives and the Bulgarian property market is experiencing a growing demand and a rising volume of deals after the corona virus lockdown.
Here are the present market trends which mark the start of a new beginning for the property market in Bulgaria:
🔵 Technology stays with us to help us in the new reality! We will ne...
The average selling price of residential properties in Bulgaria's capital Sofia increased by 4.0% on an annual comparison basis in the first quarter of 2020, local company Bulgarian Properties said.
The average price of dwellings in Sofia reached 1,120 euro ($1,219) per sq m in the first quarter, the realtor said in a quarterly property market analysis published last week.
High activity during the first 3 months of the year and acceleration of the price growth to about 4% on an annual basis. This is how the real estate market in the Bulgarian capital of Sofia developed until mid-March, when the state of emergency was introduced and many economic activities where put on hold.
Average Prices and Annual Change
In the first quarter of 2020...
BRITS could return to Bulgaria's Sunny Beach as soon as July as the country reduces its lockdown measures.
To encourage tourists, beaches will also offer free loungers, sun beds and tables when they open again for business.
Bulgaria has managed to keep coronavirus cases relatively low - the country has reported just 1,704 infections, and 50 deaths.