Call
Send Email
Messenger
WhatsApp
Analysis of Bulgarian National Statistics Announce 2008 Official Property Price Increase. BULGARIAN PROPERTIES' Annual Analysis Data Similar
Home prices in Bulgaria’s regional cities jumped almost 25% in 2008 compared to 2007 to an average of BGN 1,363 per square metre, showed data of the National Statistical Institute quoted by Bulgarian daily Dnevnik.
The uptrend held through October, but prices dropped 4.1% in the third quarter from the previous three months.
The data excludes newbuilt, houses and luxury apartments and are based on the prices of sold properties.
A survey of Bulgarian Properties revealed that last year property transactions were struck at 26% higher prices on average than in the previous year. The company’s operating manager, Polina Stoikova, explained prices were rising by October and then slid 15-20% from the early months of the year as buyers opted for higher-class properties.
According to NSI, flat prices in Sofia jumped the highest, gaining almost 47.8% last year. In Lovech, Pleven, Plovdiv, Rousse and Yambol prices rose around 30%.
In the third quarter prices dropped in 28 out of the 23 regional cities, most notably in Veliko Tarnovo, Pleven and Targovishte, which saw falls of more than 11%.
View our hot offers
Read more news
More News
The real estate market in Bulgaria's major cities is calmer than expected, just months before Bulgaria joins the eurozone. The euphoria and large sales volume remained in the first half of the year, until the decision to accept the country into the eurozone. This was commented on by Polina Stoykova MRICS, Managing Director and co-owner of the real estate agency Bulgarian Properties, during the Rea...
Twenty years ago, Bulgaria became one of the most attractive destinations for British buyers searching for affordable holiday homes and retirement havens. Now, two decades later, the trend is back – and stronger than ever.
One of the many inspiring stories we’ve witnessed recently is that of Yossef, a buyer from the UK who came to explore Bulgaria with the hope of find...
🏆 Your Trusted Partners in the Peak of the Real Estate Season!
As autumn settles in, the property market in Bulgaria is showing no signs of slowing down!
Between national holidays, the start of the school year, and the buzz of city life, we at BULGARIAN PROPERTIES have been working at full speed to bring buyers and sellers together in successful transactions...
Housing prices in Bulgaria are accelerating their growth on an annual basis compared to the first quarter, both nationally and in the country's major cities, according to data from the National Statistical Institute (NSI).
In the second quarter, housing prices in the country rose by 15.5% on an annual basis, which is a slight acceleration compared to the 15.1% growth i...
