Apartment Prices in Bulgaria On the Rise After 1.5 Years' Drop

Business » PROPERTIES | April 23, 2014, Wednesday // 13:00| Views: | Comments: 0
Bulgaria: Apartment Prices in Bulgaria On the Rise After 1.5 Years' Drop File photo

After 1.5 years of drop, prices of residential property in Bulgaria posted an increase in Q1 2014, shows data of the National Statistics Institute (NSI). 

Compared to the previous quarter, the average price rose by 0.2% to BGN 864.52 per sq/m and reached the prices in Q1 2013. 
The most significant increase was marked in 18 regional centers, most notable in Stara Zagora and Veliko Tarnovo. 

Prices in Sofia rose by 0.4%. 

Prices in nine regional centers dropped – most notably in Vidin and Kyustendil. Prices in the Black Sea cities Varna and Burgas also decreased. 

Most expensive is the residential property in Sofia – an average of BGN 1463 per sq/m, Varna – BGN 1370 and Burgas – BGN 1110 per sq/m. 

The NSI data is based on real property sales in the regional centers and does not include the newly completed buildings.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Properties » Be a reporter: Write and send your article
Tags: residential, property, prices, increase, NSI
Expats.bg All Are Welcome! Join Now!
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