Latest News

16.12.2013 Bulgarian housing prices are stabilizing, December 15, 2013

The housing market in Bulgaria continues the process of stabilization. In the third quarter of 2013, the house prices in Bulgaria increased by 0.93% quarter-on-quarter, according to the survey of house price statistics conducted by the Global Property Guide.

Bulgarian home market saw very minimal house price fall of -0.21% year-on-year in the third quarter of 2013, while the property prices decreased by -6.84 % year-on-year in the third quarter of 2012.

Bulgaria saw a rise in the overall ranking of the Global Property Guide - from 36th place in the second quarter to 30th position in the third quarter.

The strongest growth in house prices globally was reported in Dubai 21.37% year-on-year and 6.48% quarter-on-quarter. From Q3 2008 to Q3 2011, Dubai saw one of the world's worst housing crashes with house prices plunging by 53%, mainly due to the adverse impact of the global financial and economic meltdown. Then in Q2 2012, Dubai's housing market started to recover, thanks to the emirate's robust economic growth, bolstered by several other factors, including the availability of finance, the city's status as a safe haven, an exchange rate pegged to the U.S. dollar, and improved consumer and investor confidence.

The second best performer in the global survey is Taiwan, where house prices soared by 14.98% during the year to Q3 2013 and in a quarterly basis, house prices increased by a meagre 0.09% during the latest quarter. The third position ranked the capital of Estonia - Tallinn with an increase of purchase price of 12.46% year-on-year in Q3 2013 and 3.78% quarter-on-quarter in Q3 2013.

The top ten fastest recovering house markets in the world is complemented by the Philippines, Germany, The United States, Hong Kong, Japan, Shanghai in China and Sao Paulo in Brazil.

Spain is now the world's weakest housing market during the year to Q3 2013, with house prices plunging by 9.46%, from annual house price falls of 12.4% in Q2 2013, 12.82% in Q1 2013, 13.82% in Q4 2012 and 14.54% in Q3 2012. However, this is already an improvement from the double-digit annual price falls seen from Q3 2011 to Q2 2013. In a quarterly basis, house prices fell by 1.65% in Q3 2013.

Greece comes second on the list of the world's worst performers. House prices dropped 8.85% during the year to Q3 2013, an improvement from the 13.58% year-on-year drop seen in Q3 2012. Greek house prices actually increased 0.81% quarter-on-quarter in Q2 2013.

Using inflation-adjusted figures, the Global Property Guide's survey reveals that house prices rose in 28 of 41 housing markets which have so far published housing statistics. The more upbeat nominal figures, which are more familiar to the public, showed house prices rising in 32 countries, and falling in only 9 countries.

Experts concluded that the world housing markets recorded their strongest performance since the boom years of 2006/7. House prices are rising in many more countries than not, and the momentum trend is strongly upwards.

  Read more news
The First "Bile Fest" - Herbs Dedicated Festival Will Be Held on the St. Anastasia Island in Bourgas


The island of Saint Anastasia will welcome guests with folk rituals for health and fertility in the first edition of the "Bile Fest", a heraldic festival, announced Burgas Municipality.

More than 50 participants will take part in the event with herbs and healthy foods, curative extracts and ointments, and will show the authentic ways of preparing them.

The accompanyin... read more

Comments from clients
Put our deposit down on a house In Krushevo Village - we will hopefully be the owners of this in the ...
We just bought a house near Karlovo, We would like to thank Yuliana at the Sofia office, she is ...
Popped over to the Varna area where we were looked after well by Nick , Alex and Robert, cant wait ...
Don't waste time for vewing trips! Organise property viewings via Skype!
Read topical information about Bulgarian real estate, economy and tourism!
View the best properties in the top Bulgarian ski resorts!
Our team of experienced lawyers can consult you on any legal matter
Read our market analyses and forecasts!
Latest News
The Residential Market in Sofia During the First Quarter of 2019 - Increased Activity and Unchanged Prices

Polina Stoykova MRICS, Executive Director of BULGARIAN PROPERTIES

BULGARIAN PROPERTIES takes care to keep you well informed and presents you regular market reports and statistics as part of the overall service for our clients. Whether you buy or sell property, you can rely on us!


It seems that 2019 will bring the long-awaited market equilibrium through a balance between supply and demand while maintaining stable property prices.... read more

European Night of Museums - Sofia 2019


For the fifteenth consecutive year on 18 May Sofia will mark the European Museum Night.

More than 50 galleries and museums have prepared an interesting program including exhibitions, concerts, workshops, screenings and various art events dedicated to the event.

Free entry.

European Museum Night - Sofia 2019 is organized by the French Institute in Bulgar... read more

Almost 12 million Passengers Have Passed Through Bulgarian Airports in 2018


2018 was a successful year for Bulgarian aviation, characterized by consolidation of market positions and addition of production capacities on the other. This was reported by the chairman of the Association of Bulgarian Airlines Svetoslav Stanulov during the annual report of the association for the s... read more