Bulgaria Property Market: Q2 2008

– 15% Plovdiv – 13% Veliko Tarnovo – 12% Smolyan – 12% Shumen – 12%

Important Note:

1 EUR = 1.95 BGN

Bulgaria property prices have increased by 5.9 pct on average, according to the National Statistic Institute. The calculations and statistics are done for the period April – June 2008 (Q2 2008).

The data corresponds to apartments in the cities, where newly built and off plan properties are not taken into account. Calculating it in value the increase is 76 BGN (approximately 40 EUR) per square meter compared to January – March 2008 (Q1 2008). At the moment the average price is now 1,376 BGN per square meter (approximately 705 EUR per square meter).

The most expensive apartments are Sofia, where on average the price is 2,312.50 BGN per square meter. The increase in Sofia is higher than the average for the rest of the country, 6.9 pct. In second place is Varna, where the price is 2,137.33 BGN per square meter on average. There the increase for the second quarter of 2008 is only by 1.8 pct.

Ruse comes third with 1,749 BGN per square meter, then Burgas 1,698 BGN per square meters, Stara Zagora 1,500 BGN per square meter and Plovdiv 1,491 BGN per square meter.

The cheapest place in Bulgaria is Silistra, where you can buy property for 715 BGN per square meter.

The highest increase of prices compared to the first quarter of 2008 is seen in Kustendil, approximately 15 pct, where the cost of property reached on average 780 BGN per square meter. A high increase is also seen in Plovdiv 13 pct, Veliko Tarnovo, Smolyan and Shumen 12 pct, Pleven 10 pct. There is only one area Bulgaria where prices have decreased, this is Targovishte 3 pct, where you can buy property for an average of 910 BGN per square meter.

Be FIRST, get all the latest NEWS about Bulgaria Property Market!

Enter your E-mail to receive our Weekly Reports

Enter your E-mail to receive our Daily Reports

ShareThis

show less...