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

Business » PROPERTIES | January 22, 2010, Friday // 12:17| Views: 2786 | 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