28.07.2008

Residential Housing Prices in Bulgaria Increase by 6% in Second Quarter of 2008


According to data published on July 23 by Bulgaria's National Statistical Institute apartment prices in the country had increased by 5,9% in the second quarter of 2008.

The average price per square meter of residential property in Bulgaria was BGN 1299,95 in January-March 2008 but in April-June 2008 it already has reached BGN 1376,29.

Residential prices in Sofia increased by 6,9% to reach an average of BGN 2312,50 per square meter, followed by Varna with a growth of 1,8% and BGN 2137,33 per square meter.

The top two are followed by Ruse (BGN 1749 per square meter), Bourgas (BGN 1698 per square meter), and Stara Zagora (BGN 1500,17 per square meter).

Plovdiv ranks sixth with BGN 1491 per square meter but with a growth of 13,2% over the last quarter, showing a further growth potential.

The highest growth in apartment prices was recorded in the southwest city of Kyustendil - almost 15%. On the other end, the prices in the northeast city of Turgovishte declined by 2,9%.

The lowest prices are recorded in the northeast city of Silistra - BGN 716 per square meter, and in the Sofia District - BGN 714 per square meter.




all news