Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (124)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (64)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria's Residential Property Prices Down 33% in 2 Years
Date: 24/01/2011
Bulgaria's Residential Property Prices Down 33% in 2 Years

The average price of residential properties in Bulgaria is down by over 33% compared to the market peak in 2008, data of the National Statistics Institute (NSI) and the Registry Agency shows.

The number of real estate transactions in 2010 compared to 2007 is down two times; building permits and new buildings are down as well, while the number of default loans is up.

The average price per square meter in 2010 has been BNG 964 with properties being the most expensive in Sofia (BGN 1596) and the cheapest in the western city of Kyustendil (BGN 567).

Another consequence from the crisis is higher number of listings for older properties than for new construction in 2010. Homeowners have been forced to sell their properties over reduced income, unemployment, and obligations to banks. The number of foreclosed properties is also up.

Real estate brokers expect a more dynamic market in 2011 with stable prices which would slightly go up (up to 5% for certain market segments and areas).

Topic: Economy

Featured District
Invest Bulgaria Charts
Current and Capital Account of Bulgaria
Current and Capital Account of Bulgaria

Gross Value Added of Bulgaria (million BGN)
Gross Value Added of Bulgaria (million BGN)

See all charts
Did You Know?
Bulgarian Wine
Bulgarian Wine
Bulgaria has been in the wine business for over 1200 years. The taste and quality of the Bulgarian ... More

Koprivshtica is one of the centers of the Bulgarian education, literature and culture from the National Revival Period. Tremendously beautiful, Koprivshtica is a member of the 100 National Tourist Sites of Bulgaria

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2017 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Printing Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works

Our Featured Members