0
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

Eurostat: Bulgaria Tops EU in Q1 Housing Price Growth

2024-07-08   |  KALOYAN KIRILOV, bta.bg

House prices in the first quarter of 2024 were down 0.4% in the euro area and up by 1.3 % in the European Union (EU), recent data that Eurostat made public on Friday shows. The data has Bulgaria leading EU in quarter-to-quarter increase in house prices and second after Poland in terms of year-on-year growth in the first quarter.

Eurostat highlighted a comparison with Q4 of 2023, showing house prices in the euro area were down by 1.2% and up by 0.2% in EU for that period. In Q1 of 2024, house prices in the euro area were down slightly (0.1%), while prices in EU were up 0.4% compared to Q4 of 2023.

Bulgaria experienced the highest quarter-on-quarter increase in house prices in EU, registering a 7.1% increase in Q1 of 2024 compared to Q4 of 2023. Eurostat data confirms this represents the largest jump in the country's property values since Q4 of 2007. Bulgaria is followed by Hungary (+5.1%) and Poland (+4.3%). In contrast, Denmark (-2.5), France (-2.1) and Slovakia (-1.7) saw the highest rate of decline.

House prices in Bulgaria saw a 16% rise in Q1 of 2024 compared to Q1 of 2023, which ranks second in EU after Poland (+18%). Eurostat data confirms this represents the largest increase since Q3 of 2008.

Check out our properties in beach resorts

Invest in the capital city Sofia




  Read more news

Share
Central Park - your New York in Sofia!
Homes for sale in one of the largest new construction developments in Sofia!

A unique gated complex recreating the style and atmosphere of New York's Central Park. Modern buildings, space, greenery and breathtaking views! A future icon of the Bulgarian capital that will bring a new standard for quality of life. Choose your home now - big choice and attractive prices!
See More
Furnished Studios in a First Line Complex between Sozopol and Chernomorets Resorts
Ensure your unforgettable summers in a complex with a swimming pool on the magnificent Tsarski beach! You will find everything you need in this year round operating complex. In addition, you have the opportunity for a rental income. Take a look at this offer now!
See More

More News

Company news
BULGARIAN PROPERTIES Agents of July 2024

Hot, active, dynamic - such was the property market in Bulgaria last month, and so are our top agents who are by your side in every step of the transaction. 🔥

📈 We've wintenessed another strong month for the property market and we're entering the no less active summer months, which have shaped up as the peak months for the market in recent years.

The a...

02 July, 2024
Company news
BULGARIAN PROPERTIES Agents of June 2024

🎉 AGENTS OF THE MONTH JUNE 🎉

Traditionally, we can't start the new month without celebrating our top agents!

Congratulations to the outstanding professionals who showed high results in May!

And what a fantastic month May was – warm, festive and very fruitful for the property market in Bulgaria and for us as a company

BU...

03 June, 2024
Company news
BULGARIAN PROPERTIES was awarded Agency of the Year

Real Estate Awards, organized by the real estate portal Imoti.net, awarded the winners in the industry at an official ceremony at Inter Expo Center on May 28.

The leaders in the real estate business in Bulgaria and many other special guests were present in the hall, among whom was the Chief Architect of Sofia Zdravko Zdravkov, who is part of the expert jury of the comp...

28 May, 2024
latest news
What is happening on the Bulgarian holiday home market?

Over the last two years, the supply and demand for holiday homes has followed the growth of the overall property market in Bulgaria. Many of our clients (Bulgarians and foreigners) are looking to buy their own home in a preferred beach or mountain resort or to invest their savings in a property that has the potential to be used as a second home or for rental.

After pri...

22 May, 2024

REQUEST DETAILS