Call
Send Email
Messenger
WhatsApp
Apartment prices in regional cities with minimal change in 4Q 2011
The latest data of the Bulgarian National Statistical Institute (NSI) for prices of apartments in the regional cities in the country in 4Q 2011 shows that prices have remained similar to those in 3Q 2011. The average price decrease is 1.5%, as property prices in the towns of Montana (-8.27%) and Pernik (-6.91%) have dropped the most. What is typical for the second half of 2011 is the slowdown in the pace of decrease of apartment prices around the country to an average of 1-1.5% on a quarterly basis.
On an annual basis (compared to 4Q 2010) prices of apartments in the regional cities dropped by an average of 6.2% which is almost the same as the annual drop reported in 3Q 2011. The real decrease of prices of apartments after inflation (calculated with the Harmonized Index of Consumer Prices HICP) is 2% compared to the previous quarter and 8.5% year-on-year (compared to the same quarter in 2010).
According to the NSI data the average price of an apartment in the regional cities in Bulgaria in the last quarter of 2011 was 453 EUR/sq.m. and prices in the capital Sofia and Varna are similar.
If you wish to receive the full analysis on your mail please click here
Read more news
More News
Twenty years ago, Bulgaria became one of the most attractive destinations for British buyers searching for affordable holiday homes and retirement havens. Now, two decades later, the trend is back – and stronger than ever.
One of the many inspiring stories we’ve witnessed recently is that of Yossef, a buyer from the UK who came to explore Bulgaria with the hope of find...
🏆 Your Trusted Partners in the Peak of the Real Estate Season!
As autumn settles in, the property market in Bulgaria is showing no signs of slowing down!
Between national holidays, the start of the school year, and the buzz of city life, we at BULGARIAN PROPERTIES have been working at full speed to bring buyers and sellers together in successful transactions...
Housing prices in Bulgaria are accelerating their growth on an annual basis compared to the first quarter, both nationally and in the country's major cities, according to data from the National Statistical Institute (NSI).
In the second quarter, housing prices in the country rose by 15.5% on an annual basis, which is a slight acceleration compared to the 15.1% growth i...
Bulgaria has long appealed to British buyers more than other Eastern European destinations.
A mix of affordable beach, ski and village life, it offers a bit of everything and regularly features in A Place in the Sun’s Top 10 Best Places to Buy Abroad rankings.
In this year’s list, Bulgaria comes in at number nine - above Dubai - with the average property...
