Latest News

27.04.2011 NSI data: Nominal Prices of Apartments in Bulgaria Fall by 2.34% 1Q 2011. Real Price Drop after Inflation Is 3.93%

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES

On 21.04.2011 the Bulgarian National Statistical Institute (NSI) announced its data for 1Q 2011 for the prices of apartments in the regional cities around the country. Statistics shows that the decrease in the prices continues but now it has slowed down significantly. Average prices of apartments in Bulgaria have dropped nominally by 2.34% compared to the previous quarter and by 5.62% compared to the first quarter of 2010. The real decrease of prices of apartments after inflation is 3.93% compared to the previous quarter and 9.68% year-on-year (compared to the same quarter in 2010).

For Sofia the nominal decrease in prices is 4.42% compared to the previous quarter and 3.95% year-on-year. After inflation prices of apartments in Sofia decreased by 5.97% compared to the previous quarter and by 8.09% compared to the same period last year.

The data for apartment prices in the big cities around the country is as follows:

Nominal and real change of prices compared to the previous quarter:

Sofia nominal growth (-4.42) and real growth (-5.97)
Varna nominal growth (-2.39) and real growth (-3.99)
Plovdiv nominal growth (-2.80) and real growth (-4.38)
Bourgas nominal growth (2.06) and real growth (0.39)
Stara Zagora nominal growth (1.95) and real growth (0.29)
Rousse nominal growth (2.51) and real growth (0.84)
Veliko Tarnovo nominal growth (-3.82) and real growth (-5.38)

Nominal and real change of prices compared to the same quarter of the previous year:

Sofia nominal growth (-3.95) and real growth (-8.09)
Varna nominal growth (-8.53) and real growth (-12.47)
Plovdiv nominal growth (-2.38) and real growth (-6.59)
Bourgas nominal growth (-6.47) and real growth (-10.50)
Stara Zagora nominal growth (2.37) and real growth (-2.04)
Rousse nominal growth (-7.86) and real growth (-11.83)
Veliko Tarnovo nominal growth (-10.10) and real growth (-13.98)

The decrease in prices compared to the previous quarter is between 2 and 5%. The bigger price drops year-on-year are normal as in the first 2 quarters of 2010 the process of price reduction continued and the market became more stable in the second half of 2010. The accumulated nominal price decrease compared to their peak value in 3Q 2008 is 34.87% (average for the country) while the percent for the capital Sofia is 39.40%. The accumulated real price decrease (after inflation) from their peak value until now is 39.10% on average for the country and 43.34% for Sofia.

For more information about the quarterly fluctuations of apartment prices please view the graphs above.

---
Copyright: 2011 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. 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. 2011.


  Read more news
LATEST REGIONAL NEWS
Public Transport in Sofia is Becoming Greener

15/May/2019
https://www.novinite.com

Public transport in Sofia is getting greener in recent months. This is why the new YUTONG E12 electric buses, which run on the public transport lines in the capital, contribute to this.

Changing transport habits is a very slow process that requires new behavior, investing new infrastructure, investor.bg reported. YUTONG E12 buses run for 5 months now in Sofia.

These v... read more

Comments from clients
Tsvetan has been very helpful with his prompt response and excellent communication. I can confess he ...
says HS from
Having bought a house in a village near Plovdiv in March 2009, I'd like to thank Lora and Peter ...
Great professionals, they do their work very correctly. They devote much attention to the details of ...
Find out how we can help you sell your property
Take a viewing trip around the properties with the help of our video clips!
List your property with us, no marketing fees!
Our team of experienced lawyers can consult you on any legal matter
Properties on the Bulgarian Black Sea Coast - top selection!
Latest News
British Are Once Again Interested In Buying Bulgarian Properties

14/May/2019
novinite.com

Bulgaria returns to the top 10 of the overseas property buying sites in 2019 in the UK aplaceinthesun.com rating platform, quoted by the newspaper "Bulgarian News". Bulgaria ranked ninth place in the chart preceded by Turkey, Florida, Cyprus, Italy, Greece, Portugal, France and Spain. Barbados, also a new country on the list, ranked the tenth place.

"It may be the European Unions p... read more

LATEST REGIONAL NEWS
Public Transport in Sofia is Becoming Greener

15/May/2019
https://www.novinite.com

Public transport in Sofia is getting greener in recent months. This is why the new YUTONG E12 electric buses, which run on the public transport lines in the capital, contribute to this.

Changing transport habits is a very slow process that requires new behavior, investing new infrastructure, investor.bg reported. YUTONG E12 buses run for 5 months now in Sofia.

These v... read more

DID YOU KNOW?
The film Omnipresent is Bulgarias 2019 Oscar foreign language film nomination

21/September/2018
http://bnr.bg/en

Omnipresent, directed by Ilian Djevelekov, is Bulgarias foreign language film nomination for the 2019 Oscars, the National Film Centre has announced.

The plot of the film is centred on Emil, a writer and owner of an advertising agency and his obsession for spying on his family, friend... read more