Property price have fallen by nearly 10 per cent in the second quarter
The index of market prices of the houses for the second quarter of 2009 toward the first quarter of 2009 is 90,3%. That means that the average reduction of the market prices is 9,7%. This represent a slow down in the pace of reduction towards the quarter period under review decline of 12,4% in the first quarter.
Compared to same quarter of last year the average reduction in the market housing prices in the second quarter was 21,9%. For the previous quarter annual drop in prices was 8.4%.
In the second quarter of 2009 compared with the previous was registered price reduction in all regional cities as follow: Ruse- 14.4%, Vraca- 14.3%, Plovdiv- 14.1%, Burgas- 12.3%, Pleven- 12.2%, Sofia- 11.9%
The average market prices of the housings for the country is 1074,98 BGN per sq.m, as the highest is in Varna- 1827 BGN per sq.m, following of Sofia- 1745 BGN per sq.m and Burgas- 1471, 67 BGN per sq.m. The lowest average price recorded in Kyustendil- 540,85 BGN per sq.m.
The index of prices for homes assess the overall relative change in prices of existing homes - apartments (excluded are new apartments, houses, luxury homes). Subject of statistical research are actual sold prices of properties in the district households cities.
Any one wants to buy a property from Bulgaria he/she should contact the amazing lady called Kunka(Kiki), she is not just an estate agent but she goes beyond that from explaining all the small steps to the complicated ones, she is trying to do her best to make feel confortable about your choices and she offers plenty of choices and also she has reliable and trustworthy solicitors which she works jointly with them in order to make sure that your purchase is in the safe hands and not compromisin. Kunka is very patient lady who is trying listen and to answer to any questions you may have and also she will give the best advice which will suit your demand. Remember that if you are buying a property abroad so you need a professional, trustworthy who knows the local complicated bureaucracy and she will help you through it from point A to Z. Kunka doesn't stop only in helping you to buy a property but she does more than that she is willing to drive you around and pick you up from your hotel and shows you around. She will make everything easy for you from contacting a solicitor to notary registration. I am very lucky to buy my property through this lovely lady which she gave me a huge support in completing my purchase. From Salah
— Salah, Morocco