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.

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Tags: residential, property, prices, increase, NSI
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