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

Date: 27.01.2010

Residential property prices are found to be the highest in the Black Sea city of Varna – BGN 1 686.17 per square meter

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 1 686.17 per square meter, followed by the capital Sofia BGN 1 585.17 and the Black Sea city of Burgas – BGN 1 360.33.

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 %).

BGNES

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