Call
Send Email
Messenger
WhatsApp
Bulgarian real estate market has entered a new stage in 2014
Author: Polina Stoykova MRICS, Managing Director & Head of Research
According to calculations of BULGARIAN PROPERTIES, based on the data from the National Statistics Institute (NSI), the property prices in Bulgaria registered their third real* annual increase of +1.6% in Q3 2014.
This data adds to the recent information we published about the property sales volume in Q3 and supports our thesis that the market is sustainably recovering.
This is also a confirmation for our forecast from the end of last year for an end in the downward trend on the property market and beginning of a new stage of its development. This new stage is already a fact.
During the third quarter of 2014, the growth rate of the property prices slightly slowed down, but in all three quarters of the year it keeps levels of more than +1.5% on average for the country and over +4% in the capital of Sofia.
Our expectations are for the year to end with a real growth in the property prices of around +2% for the country on average and +4% in Sofia.
The positive trends on the property market are most explicit in Sofia. The property prices in the capital made a fifth real* annual growth to the amount of +4%. Compared to the previous quarter, the property prices in the capital have increased with + 0.84%.
There is a growth in the prices in all major cities of the country. The average selling prices of the apartments in the big cities in Bulgaria in Q3 2014, according to NSI data, are as follows:
• Sofia – 760 Euro/sq.m.
• Plovdiv – 485 Euro/sq.m.
• Varna – 705 Euro/sq.m.
• Bourgas – 586 Euro/sq.m.
• Stara Zagora – 458 Euro/sq.m.
• Veliko Тarnovo – 373 Euro/sq.m.
* real change - Real change is estimated after inflation deduction, calculated with the Harmonized Index of Consumer Prices (HICP). The deduction of inflation provides a more accurate estimation of the real price changes, so when using the NSI data we always make the necessary calculations to obtain a more precise market picture.
---
Copyright: 2014 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. 2014.
Read more news
More News
Summer is here, and the real estate market in Bulgaria continues to offer great opportunities for those who are well-informed and act at the right time!
May was a month of in-depth analyses and valuable market data, showing that the market is entering a more balanced phase. Buyers are becoming more cautious, supply is gradually increasing, and successful transactions increasingly d...
After two years of exceptionally strong price growth, limited supply and euphoria fuelled by the expected introduction of the euro, Sofia’s residential property market entered a new cycle in the first quarter of 2026.
The period was characterised by existing demand, but also by more moderate activity, as buyers and sellers reassessed their behaviour.
The market began ...
The first quarter of 2026 marks the beginning of a new stage in the development of Bulgaria’s property market, which is moving from a period of accelerated transactions in 2024–2025 into a phase of normalization, characterized by more mature and rational buyer behavior.
This shift is also visible in an analysis of nearly 15,000 real searches made between January and Ma...
The market is rebalancing – and great results come with the right strategy!
April brought clear signals of a new phase in the real estate market in Bulgaria – a more moderate pace, more cautious buyers, and increasing supply. And yet, deals are happening across all segments when properties are positioned correctly.
In this more mature and competitive environment, our Agents ...
