Call
Send Email
Messenger
WhatsApp
An official end of the price decrease – analysis based on National Statistics data
According to calculations of BULGARIAN PROPERTIES, based on the data from the National Statistics Institute (NSI) about the apartments' prices in the regional cities in Bulgaria, the property prices in Bulgaria registered their first real* annual increase of +1.79% in the first quarter of 2014, which officially puts an end to the real estate price decrease.
This result 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 market trend is most evident in the capital of Sofia, where the housing prices in Q1 experienced a third consecutive real* annual growth of +4.77% . Compared to the previous quarter the property prices in Sofia increased by +0.97%. Currently the property market in Sofia is recovering relatively quickly, which is confirmed by the increased number of deals this year and is also observed in BULGARIAN PROPERTIES' monthly price indeces (BPI).
The average price of an apartment in the regional cities in Bulgaria in Q1 2014 was 443 EUR/sq.m (compared to 442 EUR/sq.m in Q4 2013).
The average prices at which apartments in the big cities in Bulgaria were sold in Q1 2014, according to NSI data, are as follows:
• Sofia – 748 Euro/sq.m.
• Plovdiv – 482 Euro/sq.m.
• Varna – 700 Euro/sq.m.
• Bourgas – 568 Euro/sq.m.
• Stara Zagora – 449 Euro/sq.m.
• Veliko Тarnovo – 368 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.
View our newest properties in Sofia
---
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.
Read more news
More News
It’s time for us in Bulgaria to welcome one of the brightest and most beloved holidays of the year! 💐🌷🌈🐰
We would like to inform you that during the upcoming Orthodox Easter holidays and official public days off, from April 10th to April 13th inclusive, the offices of BULGARIAN PROPERTIES will be closed.
If you would like to get in touc...
The spring market is gaining momentum!
March showed that the real estate market in Bulgaria is developing in a stable and balanced way – with activity across all segments and transactions ranging from affordable properties to high-end homes.
In this dynamic yet more mature market environment, our Agents of the Month stood out – the experts at BULGARIAN PROPERTIES, wh...
At the end of 2025, investor AMur, in partnership with BULGARIAN PROPERTIES, launched the construction of SKY TOWERS by AMur – an ambitious residential development in the southern part of Sofia.
Within the next four years, in the Manastirski Livadi – East district, at the junction of the Ring Road and Bulgaria blvd., two 75-metre towers will rise, envisioned by the inv...
The first months of 2026, following Bulgaria’s accession to the eurozone, outline a new dynamic in the residential property market. After the record activity in 2025, when many buyers accelerated their decisions in anticipation of the introduction of the euro, the market is gradually beginning to return to a more moderate and sustainable pace.
Although official statistics for the e...
