NEWSLETTER

2014-08-07

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 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.

Share
Borovets Gardens 2 - the second phase of the popular complex
Feel at home in Borovets! Buy your own vacation apartment in one of the best rated complexes in this top mountain resort. Progressing construction with planned completion in December 2020 for the new winter season. A wide range of available apartments at attractive prices, suitable for rental income.
See More
Borovets Gardens 2 - the second phase of the popular complex
Feel at home in Borovets! Buy your own vacation apartment in one of the best rated complexes in this top mountain resort. Progressing construction with planned completion in December 2020 for the new winter season. A wide range of available apartments at attractive prices, suitable for rental income.
See More

More News

Company news
BULGARIAN PROPERTIES Agents of September

Hello, September!

The new season has begun and we look forward to seeing you at our offices around the country to fulfill all your real estate dreams and to help you buy, sell or rent property easily and securely, with the highest protection of your interests!

Let's see who our AGENTS OF SEPTEMBER are that we recommend with two hands!

All of them deserv...

04 September, 2019
latest news
Bulgaria Air Launches Joint Flights to Caribbean, Seychelles and Maldives with German Condor

Bulgaria Air starts offering flights to some of the most exotic destinations in the world. The Bulgarian airline has signed an agreement with the German airline Condor, part of the Thomas Cook Group, allowing passengers from Sofia, Varna and Burgas to travel to exotics such as the Caribbean, Seychelles, Mauritius, Maldives and dozens of destinations in Malaysia, with convenient connections via Fra...

02 September, 2019
latest news
Foreign tourists choose to spend summer vacation in Bulgarian mountains

Whether because of the summer heat or the favorable conditions for mountain tourism, the number of foreigners who chose to spend their summer vacations in Bulgarian mountains is on the rise. A popular place is the mountain town of Elena, which attracts with its tranquility and authentic Bulgarian houses that have preserved the spirit of the National Revival period. Along with the Bulgarian tourist...

30 August, 2019
latest news
Tips from an Experienced Holiday Home Owner in Bulgaria

We are always happy when we receive feedback from our clients and they share their personal experience of acquiring real estate and living in Bulgaria! Marat shares his story of purchasing an apartment in Sunny Beach, check out his tips.

The Tarsis Complex (Tarsis Club & SPA, Sunny Beach, Bulgaria) was originally planned, designed and built as a club-type resort for cosy and comfort...

13 August, 2019

REQUEST DETAILS

Find a property with the biggest available choice
Choose what marketing communication you would like from us: