KEYWORDS TODAY:   KOSTOVISLAMIC STATEWESTERN BALKANSUKRAINEMINIMUM WAGE

Bulgaria Residential Property Prices Down by 26% in Q4 y/y

Business » PROPERTIES | January 22, 2010, Friday // 12:17| Views: 2755 | Comments: 0
  • Send to Kindle
Bulgaria: Bulgaria Residential Property Prices Down by 26% in Q4 y/y Residential property prices are found to be the highest in the Black Sea city of Varna – BGN 1686,17 per square meter. Photo by BGNES

Prices of residential property in Bulgaria declined by an average of 1,9% in the last quarter of 2009 compared to the previous, data from the statistics office shows. The decrease on an annual basis is 26,3%.

According to the National Statistical Institute, the average price of one square meter of residential property in Bulgaria in the last quarter of 2009 was BGN 1 001,72.

Residential property prices are found to be the highest in the Black Sea city of Varna – BGN 1686,17 per square meter, followed by the capital Sofia BGN 1585,17 and the Black Sea city of Burgas – BGN 1360,33.

In the last quarter of 2009, the residential property prices in Sofia dropped by 3,4% compared to the third quarter of 2009. The highest decreases are registered in the northern towns of Pleven (6,4%) and Russe (5,6%), as well as the second-biggest town of Plovdiv (5,7%).

Properties » Be a reporter: Write and send your article
Tags: property, real estate
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria