Call
Send Email
Messenger
WhatsApp
Eurostat: Bulgaria Tops EU in Q1 Housing Price Growth
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
More News
Prices there are over 3000 EUR/sq.m.
In Sofia, the areas of Doctor's Garden (with an average price of 3,691 EUR/sq.m.) and the neighborhoods of Yavorov and Ivan Vazov (with prices slightly above 3,000 EUR/sq.m.) remain the most expensive. Immediately after them are Medical Academy, Izgrev and Iztok with average prices of residential properties of around 2770 EUR/sq.m. Obelya, Lyulin...
Property prices in Bulgaria continue to experience significant growth, with data from the National Statistical Institute revealing a 15.1% increase over the past 12 months leading up to June 2024. In the second quarter of the year alone, prices rose by 3.4%.
This impressive rise positions Bulgaria among nine EU countries that have seen property prices increase by over 100% in the l...
BULGARIAN PROPERTIES' Agents of the Month – October 2024!
We are excited to present our Agents of the Month for October, who have stood out with outstanding achievements and professionalism!
September was one of the strongest months for the real estate market in Bulgaria, with successful property transactions across the country. Our top agents helped dozens of clien...
Early fall offers excellent opportunities for home sellers!
The last quarter of the year is shaping up to be a strong one for the property market in Bulgaria, and from a sellers' perspective, this season has less competition and new listings compared to spring.
Against this backdrop, owners of completed properties are still in the position to take advantage of supply ...
