Home Prices Fall in Eighth Month in a Row

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Home Prices Fall in Eighth Month in a Row

Home prices in Bulgaria are decreasing for eighth month in a row.

Just two years ago the average home price in the country was 1418 leva/square meter and in September 2010 the average is at 959 leva/square meter, data by the National Statistics Institute (NSI) reveals.

Prices fell by 1.2% in third quarter, compared to second quarter, NSI data also showed.

The average decline in market prices for Q3 compared with Q3 in 2009 came to 6%.

In Q3 prices fell in 16 cities. The largest declines were seen in Gabrovo (-8.6%), Targovishte (-7.2%) and Haskovo (-5.8%).

The average home price in Q3 for the country is 959.79 leva/square meter.

The capital Sofia maintains highest prices (1 592.58 leva/square meter), followed by Varna (1 557.17 leva/square meter) and Burgas (1 164.88 leva/square meter).

Prices (in BGN per square meter) for all major cities in Bulgaria are given in the table below:

City Q2/ leva, sq m Q3/ leva sq.m
Average 971,2 959,79
Blagoevgrad 851,22 859,6
Burgas 1231,33 1164,88
Varna 1593,97 1557,17
Veliko Tarnovo 809,37 803,83
Vidin 680,64 643,78
Vratsa 646 661,26
Gabrovo 665,54 608
Kardjali 676,09 706,89
Kyustendil 569,36 575,46
Lovech 685,97 677,02
Montana 764,22 739,44
Pazardzhik 651,52 656,72
Pernik 832,17 790,33
Pleven 831,02 851,25
Plovdiv 1056,13 1025,21
Razgrad 733 734,5
Ruse 902,5 871,31
Silistra 683,99 694,02
Sliven 762,31 754,77
Smolyan 766,59 772,22
Sofia (city) 1558,33 1592,58
Sofia area 713,29 723,52
Stara Zagora 890,78 901,16
Dobrich 814,5 781,67
Targovishte 704,88 654,14
Haskovo 923,06 869,83
Shumen 812,62 767,16
Yambol 722,99

700,39

 

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