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 - the best-selling new development in Sofia in 2024!
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
Properties with video
Only on our website you will find a variety of properties in Bulgaria with videos. Don't waste time, view them online - on your phone, laptop or tablet, at a convenient time and without the need for an inspection trip and personal visit. Welcome for video viewings with BULGARIAN PROPERTIES!
See More

More News

latest news
Bulgaria Joins the Eurozone on 1 January 2026

In a historic and long-anticipated move, the Council of the European Union has given its final approval for Bulgaria to adopt the euro as its official currency. As of 1 January 2026, Bulgaria will become the 21st member of the euro area, marking a significant step forward in the country’s European integration.

This milestone is not just symbolic — it represents a major economic achi...

09 July, 2025
latest news
Two decades of Santa Marina complex – a sustainable model for coastal living

The holiday complex in Sozopol offers well-developed infrastructure and a variety of opportunities for relaxation and entertainment.

In 2025, the Santa Marina holiday village in Sozopol celebrates its 20th season – an important milestone for one of the most successful and recognisable projects on the Bulgarian Black Sea coast. Over two decades, the complex has established itself as ...

07 July, 2025
Company news
BULGARIAN PROPERTIES Agents of July 2025 🏆

Your experts in a fast-evolving Bulgarian property market!

June was an impressive month for the real estate market and a strong close to the first half of the year. Deals were finalized at a high pace, we opened a new office in Sunny Beach, launched operations in Shumen, appeared in national media, and reaffirmed our leading market position!

We are proud to present o...

02 July, 2025
Press & Media
What to expect for housing prices in Bulgaria after the introduction of the euro?

Property prices in Sofia are still significantly lower than those in other European capitals

How will the property market in Bulgaria change after we join the eurozone? This is a key question for both property owners and those considering a purchase. Will prices rise? Will there be a slowdown? Should I buy, sell, or wait?

The experience of other countries shows that a...

30 June, 2025

REQUEST DETAILS