Sat, May 26 2012

Bulgaria home prices fall 10 per cent - National Statistical Institute

Mon, Jul 26 2010 00:23 CET

byDnevnik.bg

6138 Views 8 Comments
Housing prices in Bulgaria slid by 0.8 per cent between April and June compared with the previous quarter, the National Statistical Institute (NSI) said.

On an annual basis, home prices have decreased by 9.7 per cent, according to the most recent statistics.

The second quarter saw declines in 13 cities and towns in Bulgaria, the sharpest in Gabrovo (-8.3 per cent), Shoumen (-7.8 per cent) and Vratsa (-6.9 per cent).

Home prices in Sofia remained unchanged, and increased in 15 cities and towns.

Bulgarian homes were selling for an average of 971 leva a sq m in the second quarter, the highest in Varna (1594 leva a sq m), followed by Sofia (1558 leva a sq m) and Bourgas (1231 leva a sq m). The least expensive dwellings were in Kyustendil, at 569 leva a sq m.

Source: Dnevnik.bg

  • Print
  • Send via email
  • Translate to
  • Share:

Comments

Anonymous Bulgy man Sun, Jan 23 2011 00:21 CET
Report Comment

Well when you buy a home, you should be buying a home to fricking live in - its not only about making money all the time....Bad luck you greedy people.....Try living in and enjoying the country instead of milking it.

Anonymous hove estate agents Mon, Nov 01 2010 18:36 CET
Report Comment

Its a shame yes, but we only have ourselves to blame, we dont have to spend money we dont have!! Property markets will stabilise, though due to vendors expectations of prices this my take many years until realistic prices are paid and first time buyers are allowed in the market once more. Callaways Estate & Lettings Agents Brighton & Hove

Anonymous Dave Mon, Aug 30 2010 18:23 CET
Report Comment

I heard from local person about 250,000 people from the UK have bought here in Bulgaria.

Anonymous Dave Mon, Aug 30 2010 18:23 CET
Report Comment

I heard from local person about 250,000 people have bought here in Bulgaria.

Anonymous Foolish Wed, Aug 18 2010 15:04 CET
Report Comment

One of the foolish who bought in 2007 was robbed by builders, shop keepers on a regular basis until got wise..now stuck with a house that's not worth the money put into it and worse still renovation work was so bad I'm having to spend out money I no longer have just to make the place water tight. I came here with my husband who now works (for Bulgarian wages)to enable day to day living.
I hate it here and trust no-one but no longer have the means to return home and start again. Hey Ho I'm alive!!!! [...]

 Read the full comment

Anonymous Mary Wed, Aug 11 2010 15:03 CET
Report Comment

Most wish they had not bought in Bulgaria.
But if you bought almost anything anywhere in 2007, you would have lost money.

Anonymous mikie Tue, Aug 10 2010 15:00 CET
Report Comment

I dont know how many, but there is quite a lot.

Anonymous Holiday Home Wed, Aug 04 2010 20:48 CET
Report Comment

Does anybody know how many British citizens own a home in Bulgaria?


To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Construction sector in Bulgaria continues downward trend

The first five months of 2010 reveal a strong decline of 23.6 per cent in construction compared to the same period of 2009

Colliers: Real estate in Sofia continues to lose ground

Property levels in certain Sofia boroughs like Lozenets, Ivan Vazov and Iztok have reportedly stabilised, or have dropped in value by three per cent since the turn of the year, or by 17 per cent on an annual basis.

Rise in Russian demand for Bulgarian coastal real estate

Russians generally tend to choose property along the large resorts on the coast or the Bulgarian mountains, but they also settle occasionally for the rural way of life in small villages.

More in this category

Bulgaria's real estate market stabilising - realtors

Worst is over for Bulgaria's property market after three years of decline, reports by Yavlena and Bulgarian Properties real estate firms claim.

Bulgaria plans bill to weed out rogue real estate agents

Draft law envisages professional association for real estate agents and a public register of real estate companies to bring order to the business and get rid of rogues and rip-off artists.

Landmark Centre Varna to be offered for sale on March 21

Landmark Centre Varna’s financial reports show its largest debt is an investment loan of 6.9 million euro issued by Eurobank EFG Bulgaria in mid-2008 and secured with a mortgage.

Raiffeisen Real Estate: Prices of Sofia homes returned to 2007 levels

Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.

Most property sales in Bulgaria were people wanting to escape their investment – report

Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.