Property prices in bulgaria have fallen by over 6pc in the last year, data shows

Residential property prices in Bulgaria have fallen by 6.1 per cent year on year, according to the latest third quarter figures from the country’s National Statistics Institute.

The average price of flats in the country was 901.32 leva per square meter between July and September. It means that in quarterly terms, housing property prices saw a decline of 0.8 per cent.

Property prices were the highest in Varna, at 1493 leva a square meter, followed by Sofia with 1456 leva and Bourgas with 1184 leva.

Some 20 regional cities saw quarterly declines in prices, with the most significant drop recorded by Smolyan, down 4.7 per cent, followed by Yambol, down 4.2 per cent and Pleven, down 3.7 per cent.

Source: PropertyCommunity.com