Call
Send Email
Messenger
WhatsApp
Property prices increased by 2% in Q2 - analysis based on National Statistics data
The property market in Bulgaria is more convincingly coming out of the crisis. According to calculations of BULGARIAN PROPERTIES, based on the data from the National Statistics Institute (NSI), the property prices in Bulgaria registered their second real* annual increase of +2% in Q2 2014.
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: info@bulgarianproperties.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.
More News
In the third quarter of 2025, Bulgaria was among the EU countries experiencing the strongest growth in house prices, according to Eurostat data. Across the euro area, the house price index rose by 5.1% year-on-year, while the EU overall saw a 5.5% increase. Over the same period, prices had grown by 1.6% compared with the previous quarter, reflecting steady demand throughout the region.
As of 1 January, Bulgaria is officially part of the eurozone. What was discussed for years is now a reality – the euro is the country’s official currency, and Bulgaria has taken a decisive step into the core of the European economic framework.
This historic step brings long-term stability, new opportunities for businesses and investors, and greater confidence for citizens and intern...
The first days of January already set an exciting pace for the Bulgarian property market – with active buyers, numerous enquiries, and the first deals of the year!
In this dynamic environment, we are proud to present our Agents of the Month – the consultants at BULGARIAN PROPERTIES who stood out with their excellent work, professionalism, and personal approach to every client. Some...
Experts say Bulgaria’s entry into the eurozone does not automatically drive property prices upward, although the market remains under pressure. Polina Stoykova, executive director of BULGARIAN PROPERTIES, told NOVA NEWS that the market has cooled slightly in the second half of the year, following the initial surge in buyer interest after the announcement that Bulgaria would join the eurozone on Ja...
