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
The first month of 2026 has passed – the first after Bulgaria’s entry into the Eurozone. The market returned to a normal pace, interest in properties remained high, and deals continued to close across the country.
In this context, we proudly present our Agents of the Month – the professionals at BULGARIAN PROPERTIES, who stood out with their results, personal approach, and dedicatio...
Intermediaries expect a stronger supply of housing in 2026. According to them, this will lead to a calming of the rate of appreciation of this type of property, which is definitely not “healthy“ for the market.
“At the end of 2026, we can expect price increases to approach inflation or fall to below 10%“, predicts Polina Stoykova, CEO of BULGARIAN PROPERTIES.
In the ...
The authoritative business publication Capital approached BULGARIAN PROPERTIES as one of the most active and long-established real estate agencies in Bansko, well known among both Bulgarian and international clients, to provide up-to-date and reliable insights into local market trends and buyer profiles.
In the feature article by Boryana Gencheva, our local office agen...
For the 18th consecutive year, BULGARIAN PROPERTIES presented its annual awards for best results and significant achievements.
2025 was another strong year for both BULGARIAN PROPERTIES and the real estate market in Bulgaria as a whole, with an increase in transactions and accelerated price growth prior to our entry into the eurozone.
This allowed us t...
