Bulgaria Residential Property Prices Down by 26% in Q4 y/y
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%).
- » Business Property Deals Amount to EUR 225 M for January-September 2016
- » Sofia's Average Price of Real Estate in Construction Higher Than Price of Old Buildings
- » Bulgaria 'Ignoring N-Korea Illicit Real-Estate Deals'
- » Newly Built Homes in Bulgaria Increase 3.2% Y/Y in Q2 2016, Dwellings Up 15.6%
- » Housing Construction Permits Rise in Bulgaria in Q2 2016
- » Real Estate Agents Note Increase in Sales on Bulgaria’s Black Sea Coast