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NSI: in the first quarter of 2019 Bulgarian residential property market has gained 7.9% in annual terms

02-07-2019

According to the National statistics Institute, in the first quarter of 2019 real estate prices in Bulgaria increased on average by 7.9% compared to the same period of 2018.

Bulgarian "secondary housing" has risen in price for 5,0%, new real estate – 11.9%. Record rise in price of new housing in Bulgaria has exceeded even the most optimistic forecasts for real estate prices in 2019.

The rising cost Bulgarian "squares" in the first quarter of 2019 compared to the previous quarter was 2.6%. The increase in prices for new real estate and resale amounted to: a 5.7% and 1.1%, respectively.

The regions leader in price growth was the Sofia (9,6%), followed by Burgas (8,0%), Plovdiv (7.1 percent), Varna (4.1 percent).

The dynamics of prices in major cities of Bulgaria during the period under review can be seen in the table.

Category

Sofia

Burgas

Plovdiv

Varna

Total change

+9,6 %

+8,0 %

+7,1 %

Of +4.1 %

New property

+18.6 per cent

+9,6 %

+12,6 %

+1,5 %

Resale

+5,3 %

+5,6 %

+3,9 %

+5.5% of

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