House prices up 3% to EUR 703 in Q3
24 October 2008
Bulgarian housing prices rose by 3% in the third quarter to BGN 1.418 (EUR 703.79) per square metre on the year, said National Statistical Institute. Brokers say that the market is settling and switching to a stand-by mode.
House prices in Plovdiv have risen by 11%, recording the highest increase in the period.
House prices in Varna, Bulgaria’s biggest Black Sea city, registered their first fall, down by BGN 8 per square metre, while Sofia retained the lead as Bulgaria’s most expensive city. The prices rose 6.8% to BGN 2.470 per square metre.
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