BULGARIAN PROPERTIES Price Indices (BPI) – March 2013

2013-04-09   |  Polina Stoykova MRICS, Chief Operations Manager and Head of Research

Our latest index data shows that the property market in Sunny Beach continues to experience the most optimistic trends among all other major locations in Bulgaria. The main buyers are Russian and they clearly prefer the Black Sea coast, especially the region of Sunny Beach. This trend was evident in 2012 and we see that it continues in 2013, even during the winter months and in the context of a slightly weaker market in other parts of the country. These early market results make us more confident in expecting a successful year for the sales in Bulgaria’s beach resorts.

BULGARIAN PROPERTIES' indexes measure apartments listing prices in 4 main locations - Sofia, Varna, Sunny Beach and Bansko in order to provide timely information about the market trends in the biggest city and vacation housing markets in Bulgaria.

The key points for each index for March 2013 are as follows:

Sofia
• Change in last month: -1.01%
• Change in last 12 months: -8.25%
• Change from the highest value: -46.27%

The current BULGARIAN PROPERTIES Index value for the listing prices of apartments in Sofia for March 2013 is 53.73 percentage points. The average monthly listing price of the apartments in the capital in March is 803 Euro/sq.m.

Varna
• Change in last month: -4.81%
• Change in last 12 months: -0.41%
• Change from the highest value: -42.53%

The current BULGARIAN PROPERTIES Index value for the listing prices of apartments in Varna for March 2013 is 57.47 percentage points. The average monthly listing price of the apartments in the second biggest city in Bulgaria is 856 Euro/sq.m.

Sunny Beach
• Change in last month: +1.32%
• Change in last 12 months: +18.43%
• Change from the highest value: -35.01%

The current BULGARIAN PROPERTIES Index value for the listing prices of apartments in Sunny Beach for March 2013 is 64.99 percentage points. The average monthly listing price of the apartments in the biggest beach resort in Bulgaria is 787 Euro/sq.m.

Bansko
• Change in last month: -1.24%
• Change in last 12 months: -1.88%
• Change from the highest value: -53.65%

The current BULGARIAN PROPERTIES Index value for the listing prices of apartments in Bansko for March 2013 is 46.35 percentage points. The average monthly listing price of the apartments in the biggest ski resort in Bulgaria is 593 Euro/sq.m.

Next update of the BULGARIAN PROPERTIES Indexes will be on 9th May 2013.

For more information or request of our latest property market reports, you can call us on +359 2 9 11 50 or send us an e-mail.

Information about BULGARIAN PROPERTIES’ Indexes (BPI) and the methodology

See the archive with price index information for previous months

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Copyright: 2013 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. 2013


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