Analysis of Bulgarian National Statistics Announce 2008 Official Property Price Increase. BULGARIAN PROPERTIES' Annual Analysis Data Similar

2009-01-26   |  Dnevnik a.m., 26.01.2009

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

Share
Belle Epoque Beach Residence
French style beach–front residence in the popular beach resort of Lozenets on the Southern Black Sea coast. The complex is completely finished and fully operational. There is a special offer for Summer'2019 – guaranteed rental of 5% annually.
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

latest news
Life in Bulgaria, after Brexit – a ‘no-brainer’ for expats

The village of Radyuvene is a far cry from the hustle and bustle of UK urban life. But it is home to Beynon and Sue Darley, who swapped Guildford, a town 40 km south of London, for a rambling cottage in rural central Bulgaria.

The Darleys made their decision to move to the village, not far from the city of Lovech, during their third visit to Bulgaria. They bought their house from a...

17 October, 2019
Company news
BULGARIAN PROPERTIES Agents of October

Let it be Autumn!

October has started for us with an increase in requests, days full of meetings and property viewings from morning till dark and excellent listings of properties in Sofia and all over the country.

You can already feel the year coming to an end. The buyers are in a hurry to find their new home, and the sellers are interested to make a deal by the end o...

07 October, 2019
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

REQUEST DETAILS

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