Home Sweet Home: The Reality of Housing in Bulgaria Revealed
New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
The residential real estate prices in Bulgaria are down nearly 10% during the second quarter of 2009 compared to the first one.
In comparison with the same quarter of 2008 the residential market prices are down 22%.
The data was released Thursday by Bulgaria's National Statistics Institute (NSI).
During the second quarter of 2009, the price decrease was registered in all regional cities with the highest decreases in Ruse (14,4%), Vratsa (14,3%), Plovdiv (14,1%), Burgas (12,3%), Pleven (12,2%) and the capital Sofia (12%).
The average market price for residential properties is BGN 1 078 per square meter.
The Black Sea capital Varna has the highest prices - BGN 1 827 per square meter, followed by Sofia - BGN 1 745 per square meter, and the other Black Sea City, Burgas - BGN 1 472 per square meter.
Among the regional cities Kyustendil has the lowest residential property price - BGN 541 per square meter.
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New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone
This information was shared during the presentation of data on the current state of the market to journalists
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