3 November 2009
The average price of a residential property in Bulgaria dropped by 5% in the third quarter of 2009, according to the latest National Statistical Institute data.
The price fall in Q3 was slower than the drop recorded in Q2, when values fell 10% quarter-on-quarter.
The latest quarterly price fall means that the average Bulgarian property has now fallen by 28% year-on-year.
Residential values fell in all regional centres in Q3, with the greatest drop largest drop recorded in Montana (-16.3%), followed by Vidin (-10.1%) and Shoumen (-10%), Sofia (-6%).
The highest priced homes in Bulgaria can be found in Varna (£814sqm), followed by Sofia (£754sqm) and Bourgas (£635sqm).
The cheapest Bulgarian homes can be found in Kyustendil, at £251sqm, according to the National Statistical Institute.
See Also: Marc Da-Silva (0), Bulgaria (0), property investment news (0), National Statistical Institute data (0)
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