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How Bulgarian housing prices changed in 2015

12-06-2016

Housing prices increased in every quarter of 2015 compared with the corresponding periods of 2014. These housing price index figures were published by Bulgaria's National Statistical Institute.

The report shows a 2.2% increase in the first quarter of 2015 compared with the first quarter of 2014, 2.8% in the second, 2.1% in the third and 4.0% in the fourth. New-build prices rose faster than resale prices. New housing gained +3.8% and +4.5% in the third and fourth quarters, while resale housing rose by +0.9% and 3.6% respectively. The table below compares each quarter of 2015 with its corresponding quarter of 2014.

Category Quarters of 2015 / change in %
І ІІ ІІІ IV
Overall change +2,2 % +2,8 % +2,1 % +4 %
New housing +1,9 % +3,7 % +3,8 % +4,5 %
Resale property +2,4 % +2,2 % +0,9 % +3,6 %

Quarter-on-quarter price changes in 2015 were also positive except in the 3rd quarter. Prices rose by +0.9% in the second quarter of 2015 against the first quarter of 2015, fell by -0.5% in the third and rose by +3.1% in the fourth. The following table compares each quarter with the previous quarter.

Category Quarters of 2015 / change in %
І ІІ ІІІ IV
Overall housing price change +0,5 % +0,9 % -0,5 % +3,1 %
New housing -0,9 % +2,0 % +0,8 % +2,6 %
Resale property +1,5 % +0,2 % -98,6 % +3,4 %

You can view Bulgarian property prices for 2016 here.

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