Decline in Bulgaria's House Prices Slowed Down in 2012

Business » PROPERTIES | January 31, 2013, Thursday // 17:44| Views: | Comments: 0
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Bulgaria: Decline in Bulgaria's House Prices Slowed Down in 2012

The decline in Bulgaria's house prices has slowed down over the last several quarters, according to Eurostat.

House prices in the Balkan country saw a quarterly decrease of 1.1% in the third quarter of 2012. Bulgaria had registered quarterly decreases of 1.6%, 3.7% and 5.8% in Q2 2012, Q1 2012 and Q4 2011, respectively.

Among the Member States for which data are available, the highest annual increases in house prices in the third quarter of 2012 were recorded in Estonia (+8.4%), Luxembourg (+7.1%) and Finland (+2.1%), and the largest falls in Spain (-15.2%), Ireland (-9.6%), the Netherlands (-8.7%) and Portugal (-7.7%).

The highest quarterly increases in the third quarter of 2012 were recorded in Estonia (+2.6%), Latvia (+2.3%), the United Kingdom (+1.7%) and Ireland (+1.6%), and the largest falls in Romania (-4.2%), the Netherlands (-3.9%) and Spain (-3.7%).

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