Bulgaria’s Dwelling Prices Down by 6.1% y/y Q3 2011

The market price index of Bulgaria's dwellings for the third quarter of 2011 has registered a 6.1% drop year on year, according to the country's National Statistical Institute.

As compared with the second quarter of 2011, the average decrease of the Bulgarian dwellings'market prices was 0.8%, according to the statistical data released on Friday.

On a quarterly basis, a total of 20 Bulgarian district centers saw a decrease in their dwelling market prices, the most significant being in the Southeastern towns of Smolyan (by 4.7 %) and Yambol (by 4.2%), as well as the Northwestern town of Pleven (by 3.7%).

During the third quarter of 2011, the highest average market prices were registered in the Black Sea city of Varna - 1 493.33 BGN/sq. m, followed by Sofia - 1 456.48 BGN/sq. m and another Black Sea city, Burgas - 1 184.41 BGN/sq. m.

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