Bulgaria's Dwelling Prices Up by 0.2% in Q2, 2012

Dwelling prices in Bulgaria increased by 0.2% in the second quarter of 2012 compared to the first three months of the year, according to data of the National Statistical Institute (NSI).

The increase was due to an increase in prices of apartments in 13 district cities (most notably in Targovishte, up by 3.5%, Razgrad, up by 3.4 and Veliko Tarnovo, up by 3.1%) and the decelerated price decreases in Sofia compared to end-2011.

Price decreases were registered in 14 district cities.

Dwelling prices in Bulgaria fell by 2.6% in Q2, 2012 compared to Q2, 2011.

In Q2, 2012, the average market price of dwellings for the entire country was BGN 885.32 per square meter.

The highest average prices were registered in Sofia (BGN 1457.38 per sq m), followed by Varna (BGN 1429.00 per sq m) and Burgas (BGN 1151.17 per square meter).

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