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27.07.2010 NSI: Home Prices in Bulgaria Fall by Almost 1% in 2Q 2010

Bulgarian National Statistical Institute

According to data from the Bulgarian National Statistical Institute (NSI) the average decrease of the market pries of apartments in the country in the 2Q of 2010 compared to the 1Q of 2010 is 0.8% and the average decrease of apartment market prices on an annual basis is 9.7%.

According to the NSI prices of residential properties in 13 regional cities around Bulgaria fell in the 2Q compared to the 1Q of 2010, as no price change was registered in the capital Sofia. From the regional towns it is the towns of Gabrovo (8.3%), Shoumen (7.8%) and Vratsa (6.9%) where home prices fell the most in the second quarter compared to the first.

The market price index of dwellings evaluates the total relative change in the prices of already built residential properties and does not include newly-built flats, houses and luxury apartments). The object of the statistical survey is the prices of apartments which households actually sold.

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