Burgas Home Prices Rose The Most In Q3

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Burgas Home Prices Rose The Most In Q3

The average price per square meter of residential properties in Bulgaria has risen in all big cities this year, a research by Statistical Property Index magazine reveals.

Prices in Burgas, the second biggest city on our Black Sea Coast, rose the most - 8.1% in Jan – Sept period, which is even more than the hike in the capital Sofia.

This summer, prices of one-bedroom, two-bedroom, and three-bedroom apartments in the city reached an average of 639 euro/sqm.

At the same time prices in Varna (the biggest city on Bulgaria's Balck Sea Coast) rose at a pace half as fast as that in Burgas.

At the beginning of the summer season the price per square meter in Varna stood at 807 euros and reached 842 euros by September, which is just 4.3% higher.

In spite of the slower pace of price growth, real estate prices in Varna are continuing to be the highest in the country.

Home prices in Sofia rose by an average of 7.3% to 818 euro/sqm. 

CityAverage Home Price (EUR)Difference

July 2007September 2007
Burgas5916398.1%
Sofia7628187.3%
Varna8078424.3%
Ruse4744913.6%
Plovdiv5035121.7%

*Data by Statistical Property Index magazine
The slowest rising prices among big cities in Bulgaria are those in Plovdiv – just 1.7% in Q3. The average price of apartments in the city stands at 512 euro/sqm.

Prices in Ruse rose 3.6% to an average of 491 euro/sqm.

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