08.08.2014 Property prices increased by 2% in Q2 - analysis based on National Statistics data
Polina Stoykova MRICS, Managing Director & Head of Research
The second quarter was more positive for the real estate market in the country. There was even a small acceleration of the pace of price growth compared to Q1, when we reported first real* annual increase of +1.79% and announced the end to the real estate price decrease.
This data is fully in line with our forecast at the end of last year about the end of the downward trend and the beginning of a new stage of the market development.
The positive trend on the property market in Bulgaria is most explicit in the biggest cities in the country - Sofia and Plovdiv. In both cities the house prices registered their fourth consecutive real* annual increase of +4.38% in Sofia and +5.37% in Plovdiv. This means that the house prices in Sofia and Plovdiv have been rising for a year already. Compared to the previous quarter the property prices in the capital increased by +1.34%, and in Plovdiv - by +1.96%.
The average price of sold apartments in the regional cities in Bulgaria in Q2 2014 was 444 EUR/sq.m (compared to 443 EUR/sq.m in Q1 2014).
There is a growth in prices in all major cities of the country. The average prices at which apartments in the big cities in Bulgaria were sold in Q2 2014, according to NSI data, are as follows:
• Sofia – 753Euro/sq.m.
• Plovdiv – 489 Euro/sq.m.
• Varna – 699 Euro/sq.m.
• Bourgas – 578 Euro/sq.m.
• Stara Zagora – 454 Euro/sq.m.
• Veliko Тarnovo – 372 Euro/sq.m.
* real change - Real change is estimated after inflation deduction, calculated with the Harmonized Index of Consumer Prices (HICP). The deduction of inflation provides a more accurate estimation of the real price changes, so when using the NSI data we always make the necessary calculations to obtain a more precise market picture.
Copyright: 2014 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. and the Author 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. 2014.
TOP PUBLISHED OFFER
1-bedroom apartment for sale in Sofia https://www.bulgarianproperties.com/1-bedroom_apartments_in_Bulgaria/AD35281BG_1-bedroom_apartment_for_sale_in_Sofia.html
Comfortable and convenient home for your family Stylishly furnished one-bedroom apartment in Meditsinska Akademiya district, near Totleben Blvd., Sofiyski ... read more
|82.00 m2||no||€ 88,990|
TOP SOLD OFFER
Apartments (various types) for sale in Sofia https://www.bulgarianproperties.com/Apartments_(various_types)_in_Bulgaria/AD32111BG_apartments_(various_types)_for_sale_in_Sofia.html
Stylish complex of modern apartments in a nice district of Sofia Buena Vista is a modern gated complex that features a nice architecture, stylish apartments with excellent ... read more
|134.49 m2||no||€ 90,108|
read more newsletters
Kevin Brass, www.nytimes.com
A house from our portfolio of luxury properties in Sofia has been featured by The New York Times in their property section called International House Hunting.
They feature a home for sale in a different market each week and this week they chose a house in Sofia, Bulgaria. The presented house is a high-end property in Boyana residential area in Sofia which is offered for sale for € ... read more
Plovdiv, the second-largest city in Bulgaria, is getting ready to cement its status on the European city break circuit as one of two European capitals of culture for 2019, according to CNN. (The other is the rocky city of Matera, Italy.)
Known for its Roman ruins, Plovdiv was also the onetime stomping ground of Greeks and Ottomans. Its east-meet-west location means there's a mix of... read more
The 12 wine-culinary destinations are digitized and available on the website of the Ministry of Tourism. They have been developed under the project "Share Bulgaria", which is jointly implemented by the Ministry of Tourism and the Ministry of Agriculture, Food and Forests.
The Interacti... 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.