Bulgaria property values fall 5% in Q3
05 November 2009
The average price of a residential property in Bulgaria fell 5 per cent in the third quarter of 2009, according to the latest National Statistical Institute data.
The price drop in the third quarter was slower than the drop recorded in the second quarter when values fell 10% quarter-on-quarter.
The latest quarterly price fall means that the average Bulgarian property has now fallen by 28% year-on-year.
Residential values fell in all regional centres in the third quarter with the greatest drop registered in Montana (-16.3%), followed by Vidin (-10.1%), Shoumen (-10%) and Sofia (-6%).
The highest priced homes in Bulgaria can be found in Varna (£814sqm), followed by Sofia (£754sqm) and Bourgas (£635sqm).
The cheapest Bulgarian homes can be found in Kyustendil, at £251sqm, according to the National Statistical Institute.
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