1.2% Dwelling's Price Drop in Bulgaria Q4 2014 Y/Y

The market price index of dwellings in Bulgaria for the fourth quarter of 2013, compared to the third quarter of 2013 was 99.9%, i.e. the average decrease of the market prices of the dwellings was 0.1%.

The data was released Thursday by the National Statistics Institute, NSI.

The market price index of dwellings for the fourth quarter of 2013 in comparison with the corresponding quarter of the previous year was 98.8%, i.e. the average decrease of the market prices of the dwellings was 1.2%.

In the fourth quarter of 2013, compared to the previous one, a price decrease has been recorded in 20 regional centers and in Sofia Region.

The decrease was more considerable in Vidin - by 3.4%, Kyustendil by - 2.4%, and Blagoevgrad - by 1.8%.

In 7 regional centers a price increase has been recorded.

In the fourth quarter of 2013 the average market price of the dwellings for the whole country was BGN 864.52/sq. m.

The highest average prices were registered in the capital Sofia - BGN 1 456.83/sq. m, followed by Varna – BGN 1 374.50/sq. m and Burgas – BGN 1 112.17/sq. m.

The market price index of the dwellings for the 2013, compared to 2012, was 98.2 %, i.e. the average decrease of the market price of the dwellings was 1.8%.

In 2013, compared to 2012, a price decrease has been recorded in 24 regional centers and in Sofia Region.

The price drop was more considerable in Sliven - by 7.0%, Vratsa - by 6.8 % and in Pazardzhik - by 6.1%. In Veliko Tarnovo the prices remained at the level of the previous year. Price increase has been recorded in Targovishte - by 0.2% and Ruse - by 1.0%.

In 2013, the average market price of the dwellings for the whole country was BGN 865.638/sq. m.

Average prices were the highest in the capital Sofia – BGN 1 439.79/sq. m, followed by Varna –  BGN1 390.33/sq. m.

The market price index of the dwellings measures the total relative price change of the prices of existing dwellings – flats (newly built flats, houses and luxury dwellings are excluded). The object of the statistical survey is the prices of flats really sold by households in regional centers.

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