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Bulgaria's property prices fall in Q2
The value of residential properties in Bulgaria dropped during the second quarter of this year, new data has revealed, compared to the same period in 2010.
Figures from the National Statistics Institute (NSI) were published by the Sofia Echo, showing that average real estate prices fell by 6.4 per cent during this time.
Meanwhile, the NSI research revealed that values declined by 1.6 per cent between April and June compared to the three months from January to March this year.
The publication noted that the largest quarterly drop was registered in Veliko Turnovo with 5.5 per cent shaved off housing values, while Sofia saw its residential prices slide by 2.1 per cent.
However, there were locations that saw real estate values rise, with Varna, Rousse and Blagoevgrad all reporting upward movements in their property markets.
This data is in contrast to one expert's predictions earlier this month that housing prices in the nation would increase by between five and six per cent over the course of the year.
Speaking to Novinite.com, chief executive officer of the Arceland asset management fund Curtis Coward stated that the country would experience "a stable annual growth rate" in its property markets in 2011.
- PropertyShowrooms.com
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Bulgarian property prices continue to fall
Individuals interested in purchasing real estate in eastern Europe may be interested to learn that prices in the Bulgarian capital of Sofia have continued to fall throughout 2010.
According to a repo... - PropertyShowrooms.com
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Property sales continue to fall in Bulgaria
The number of property sales taking place in Bulgaria continued to fall in the second quarter of this year.
According to Balkans.com, however, the fall in residential sales was negligible - good news... - PropertyShowrooms.com
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Bulgaria property prices fall in 2011
New research has revealed the value of Bulgarian property fell by between five and ten per cent in 2011, compared to 2010.
Propertywire reported on the data, which was gathered from brokers operating... - PropertyShowrooms.com
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Bulgaria property prices down by 0.8%
Consumers looking to find property in Bulgaria may choose to take advantage of falling property prices in the East European country.
House prices fell during the second quarter of 2010 by an average ... - PropertyShowrooms.com
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Residential prices fall in Bulgaria, report shows
Residential property prices in Bulgaria fell in the majority of regions in the fourth quarter of 2010, although there were some regional differences.
Home values in the capital Sofia fell by 9.4 per ... - PropertyShowrooms.com
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