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Real estate in Bulgaria has decreased in price

28.01.2009

Real estate in Bulgaria has decreased in price Real estate in Bulgaria has decreased in price in the fourth quarter of 2008 compared to the third quarter, data by the National Statistics Institute published today shows.
The index of market prices of real estate in Bulgaria for the fourth quarter of 2008 compared to the third quarter of 2008 is 95.9%.The index of market prices of real estate for 2008 compared to 2007 is 124.9%, i.e. real estate in Bulgaria has increased in price on average by one fourth in the past year.
In the fourth quarter of 2008 compared to the third quarter a decrease is registered in the prices in 23 municipal cities, as the most significant is in Veliko Tarnovo - by 11.7%, Pleven - 11.6%, Targovishte - by 11.2%, Pernik - 10.3% and others.
An increase of prices has been reported in the cities: Kyustendil - by 1.6%, Silistra - by 2,5%, Vratza - by 3.2% and Montana - by 3.7%.
The average price of real estate in the capital is 2373.83 levs/square meter, followed by Varna - 2101.17 levs/square meter and Burgas - 1791.50 levs/square meter.
In the period from October to December, real estate in Varna has increased on average by 1.3%, in Burgas it has increased in price by 2.1%, in Plovdiv it has dropped in price by 2.1%, in Sofia real estate is down by 0.7% compared to the third quarter of the year.


We would like to say a big THANKS to Kunka & Hristo from Bulgarian House team. You've been a great help to us, not only with the things involved with buying a house in Bulgaria, setting up a company and all the paperwork ect, but also when we've had other questions relating to life in general in Bulgaria we had no one else to ask but Kunka,. She's gone above & beyond her role as an estate agent, she must have bent over backwards to be as helpful as she possibly can & has kept us well informed every step of the way with regards to the sale. Thanks again, Kate & Mel xXx

— Kate & Melvin, UK
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