Bulgaria's Q2 Housing Prices Edge up 0.2% q/q

Bulgaria's Q2 Housing Prices Edge up 0.2% q/q

In the second quarter of 2012 housing prices in Bulgaria edged up by 0.2% from the previous three months, with apartments being most expensive in the capital city of Sofia, the National Statistics Institute (NSI) said.

The average price of apartments in Bulgaria climbed to 885.32 levs ($552.2/452.7 euro) per square metre (sq m) in the year's second quarter, from 883.85 levs/sq m in the previous three months, the NSI said in a statement on Monday.

Prices in Sofia went down by 0.5% quarter-on-quarter to 1,457.38 levs/sq m.

Bulgaria's port city of Varna was the second most expensive city with prices of 1,429 levs/sq m, down 0.7% from the first quarter of 2012. Burgas, a major port city on the Black Sea and a holiday destination, ranked third with prices of 1,151.17 levs/sq m in the three months through June, down by 0.7% on the quarter.

The most significant increase in housing prices in the second quarter of 2012, by 3.5% to 660.04 levs/sq m, was registered in the city of Targovishte, in northeastern Bulgaria.

The NSI data reflects the prices in concluded apartment sale deals reported by real estate brokers operating in the administrative centres of Bulgaria's 28 regions.


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