Bulgaria property prices down by 28% in 2009 Q3
24 October 2009
According to the National Statistical Institute (NSI) figures released on Friday
(October 23), the prices of residential property in Bulgaria fell down by 28 per
cent in the third quarter of 2009 compared to the same period last year.
The figures also show that property prices in Bulgaria are down 5 per cent in July
– September period compared to the second quarter 2009
According to the NSI, the average price of one square meter of residential property
in Bulgaria in the third quarter of 2009 was BGN 1021 (EUR 521). The residential
property prices are found to be the highest in the Black Sea city of Varna – BGN
1770 (EUR 903) per square meter, followed by the capital Sofia BGN 1640 (EUR 837),
and the Black Sea city of Burgas – BGN 1379 (EUR 704).
In the third quarter of 2009, the residential property prices in Sofia dropped by
6 per cent compared to the second quarter of 2009. The highest decreases are registered
in the northern cities: Montana – 16,3 per cent, Vidin – 10,1 per cent, and Shumen
– 10 per cent.
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