Coupled with the economic crash of 1996/97, this has meant that property prices have had little time to rise from their traditional low level. You can only download this statistic as a Premium user. An apartment in the centre of a coastal town; a large house or villa in a village or near a tourist area; a plot near a tourist area; a large, quality apartment in Sofia. Few European holiday destinations can match Bulgaria for affordable property and low living costs. National Statistical Institute Bulgaria. Most resorts in Bulgaria are suitable for quiet family vacations with children. googletag.defineSlot('/1015136/Billboard_970x250', [[970, 250], [728, 90]], 'div-gpt-ad-1319640445841-9').setCollapseEmptyDiv(true).addService(googletag.pubads()); Housing Index in Bulgaria averaged 109.63 points from 2005 until 2020, reaching an all time high of 153.92 points in the third quarter of 2008 and a record low of 76.01 points in the first quarter of 2005. Nevertheless, with a growing range of homes available, property is excellent value compared to the UK and Spain and there are still bargains to be found in many areas. Coastal and city properties can cost anything from 3 to 20 times more than similar-size rural properties, although the standard and infrastructure of rural properties can be quite low (some have no mains water or electricity and most an outside toilet). Register in seconds and access exclusive features. googletag.cmd.push(function() { For €150,000 you can be the proud owner of a large two-storey house in one of the coastal towns, a family home in Sofia or a luxury apartment in one of the popular tourist resorts. (2020). googletag.defineSlot('/1015136/MPU3_300x250', [300, 250], 'div-gpt-ad-1319640445841-5').setCollapseEmptyDiv(true).addService(googletag.pubads()); var parent = document.getElementById("tipafriend"); googletag.defineSlot('/1015136/MPU2_300x250', [300, 250], 'div-gpt-ad-1319640445841-4').setCollapseEmptyDiv(true).addService(googletag.pubads()); "Total house price index (HPI)* in Bulgaria from the 1st quarter 2014 to 1st quarter 2020." A single person estimated monthly costs are 538.16$ (860.42лв) without rent. New, Figures and insights about the advertising and media world, Industry Outlook A budget of between €25,000 and €50,000 will buy you a generous property of reasonable quality in a pleasant rural or less popular coastal location, possibly in need of improvement only. Summary of cost of living in Bulgaria. (June 24, 2020). Average house price is £7,100,000 [CDATA[ Most unmodernised rural houses have an outside toilet, and bathrooms tend to be fairly rudimentary. googletag.defineSlot('/1015136/MPU4_300x250', [300, 250], 'div-gpt-ad-1319640445841-8').setCollapseEmptyDiv(true).addService(googletag.pubads()); In Sofia , there were 5,285 property sales in Q1 2020, down 6.3% from 5,641 sales a year earlier, according to the Registry Agency. A paid subscription is required for full access. There’s also a growing number of people buying in rural areas, either for investment or for a permanent move to Bulgaria. (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': This page provides forecast and historical data, charts, statistics, news and updates for Bulgaria House Price Index. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). })(window,document,'script','dataLayer','GTM-MQS989'); Although Bulgaria’s currency is the lev, prices for most Bulgarian properties are quoted in euros, although in some areas popular with UK buyers prices are quoted in sterling. The buying price for two- and three-bedroom apartments of 80 sq. Prices are being driven up by foreign buyers in the resort areas along the Black Sea coast and the mountain resorts around Pamporovo, Bansko and Borovets. j=d.createElement(s),dl=l!='dataLayer'? Housing prices include housing rent prices indices, real and nominal house prices indices, and ratios of price to rent and price to income. Ireland has also experienced substantial growth, with average house prices up by 12% over the year, and Croatia has seen increases of … Cost of living index in Varna is 58.13% lower than in New York. Any property with a sea view will command a substantial premium, although it should be easier to resell. var child = document.getElementById("tipafriend-captcha"); View our range of houses, villas and apartments for sale in Bulgaria. Learn more about how Statista can support your business. } Summary about cost of living in Varna, Bulgaria: Family of four estimated monthly costs are 1,876.44$ (3,000.09лв) without rent (using our estimator). "domain": "", Kuala Lumpur continued to record the highest price at RM773,109. facts. Chart. It stated that there was no significant improvement … Please do not hesitate to contact me. if (typeof(child) != 'undefined' && child != null) parent.removeChild(child); "Total House Price Index (Hpi)* in Bulgaria from The 1st Quarter 2014 to 1st Quarter 2020. googletag.defineSlot('/1015136/MPU1_300x250', [300, 250], 'div-gpt-ad-1319640445841-3').setCollapseEmptyDiv(true).addService(googletag.pubads()); As little as €50,000 will buy you a house or villa close to one of the main towns, usually with lake or mountain views, big rooms and plenty of land, or a small to medium-size new apartment in one of the coastal towns or in the capital Sofia. document.getElementById('thankyou').className='msg hidden'; This page provides - Bulgaria House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Update, Insights into the world's most important technology markets, Advertising & Media Outlook A huge villa with swimming pool close to the beach or a large villa in one of the ski resorts; a working hotel or similar business in a popular area; a large plot in a tourist area or near Sofia for development; a luxury house in an upmarket neighbourhood of Sofia. Most economic forecasters are predicting a continued rise in tourist numbers to Bulgaria over the next few years, so properties on the coastal fringe and around the mountain resorts will no doubt continue to rise steadily in value. Please contact us to get started with full access to dossiers, forecasts, studies and international data. New villa developments along the Black Sea coast are usually around €100,000 to €150,000, with prices rising to €300,000 for the most luxurious properties. When it comes to renting, the Mornington median house rental price per week is $500 which makes renting more expensive than Victoria's average of $400. m. in Q3 2016, up 3.3% from the previous quarter. function hide_thankyou () { There are also less well known areas of Bulgaria that could prove good value in the long term, particularly those close to historical towns or in areas of spectacular natural beauty. Median Unit Price Median Price: The price of a property that falls in the middle of the total number of units sold over a period of time, based on 113 unit sales from 1 Dec 2019 - 17 Dec 2020. Find overseas properties to buy in Bulgaria with the UK's largest data-driven property portal. The most expensive real estate in Bulgaria is for sale at the St. Konstantin and Elena resort. If you only plan to hit the main cities and towns in Bulgaria and want to stay in dorms, expect a bed to cost around €8-10 per night, depending on the size of the dorm and the season that you’re travelling in. This statistic is not included in your account. Please create an employee account to be able to mark statistics as favorites. National Statistical Institute Bulgaria. Based on five years of sales, Rye has seen a compound growth rate of 10.1% for houses and 11.8% for units. Towns such Plovdiv (Bulgaria’s second biggest city), Vidin and Ruse offer historical interest, while Melnik, Balchik and Batak (near Plovdiv) have the advantage of beautiful views and quiet locations. ARE prices of new properties in Malaysia inflated? "theme": "light-top" Average price comparisment of a basket of holiday goods Below is comparison of 12 holiday countries in Europe. "target": "_blank", In most cases, the nominal house price index covers the sales of newly-built and existing dwellings, following the recommendations from the RPPI (Residential Property Prices Indices) manual. A large villa near the coast or in a mountain resort, usually with a swimming pool; a luxury apartment with sea views along the coast; land for development in a tourist area. googletag.defineSlot('/1015136/Mobile_Leaderboard', [320, 50], 'div-gpt-ad-1319640445841-6').setCollapseEmptyDiv(true).addService(googletag.pubads()); } Statista. else if (width < 768) { Total house price index (HPI)* in Bulgaria from the 1st quarter 2014 to 1st quarter 2020 [Graph]. googletag.pubads().enableSingleRequest(); googletag.pubads().setTargeting("JLCountry", "Bulgaria"); googletag.defineSlot('/1015136/Sponsorship_200x50_NoAdsense', [200, 50], 'div-gpt-ad-1319640445841-0').addService(googletag.pubads()); Paperwork necessary for buying a porperty in Bulgaria, Help your kids adapt abroad + Parent tips. The minimum wage in Bulgaria has climbed from 170 euros when we did this post originally to 261 per month today. Are you buying off plan or an existing property? This article is an extract from Buying a Home in Bulgaria from Survival Books. To build a stone wall around an average-sized garden of 1,000 square metres (30m by … Bulgaria - more bang for your buck in 2019? Accessed December 23, 2020. The average price per linear metre for a dry-stone wall is 215 leva (£100).Typical dimensions would be 1.6m height and 0.50m depth, with concrete foundations of at least 0.50m. if (width >= 1200) { There has recently been a phenomenal increase in values in popular areas, some developments having seen their value double in the space of 12 months, while capital growth across Bulgaria has averaged around 35 per cent for the past few years. With a budget of up to around €25,000, you should be able to find a large wooden or stone house with open fireplaces, large rooms, picturesque views and plenty of land attached, but needing renovation to bring it up to standard. Profit from additional features by authenticating your Admin account. window.cookieconsent_options = { Buy Apartment Price . "message": "We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. +44 330 038 8226 ** Contact Save Hide. The low cost of property in Bulgaria is one of the main reasons for its increasing popularity among foreign buyers. new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], } As a Premium user you get access to the detailed source references and background information about this statistic. A one or two-bedroom apartment in a ski resort or in one of the coastal resorts; a plot in a village near the coast or near a ski resort; a new house or villa in the mountains or inland from the coast; a renovated house in a village near the coast; an apartment on the outskirts of Sofia. "learnMore": "privacy & cookie policy. Furthermore, Bulgaria doesn’t JUST have the cheapest house prices in Europe, but also has an extremely low cost of living, with a loaf of bread costing only £0.43, a one way ticket for transport (£0.53) and a meal at a restaurant for one - £4.45. m. Overall, the average price of sold apartments in Sofia stood at €930 per sq. Do you have any comments, updates or questions on this topic? Ask them here: Extra costs and taxes when buying property in Bulgaria, All you need to know to deal with estate agents. At the top end of the market (over €250,000), large, modern, renovated homes, new houses with sea views, luxury apartments in Sofia and even hotels are available. googletag.pubads().collapseEmptyDivs(); } If you are looking for an investment property, consider houses in Rye rent out for $405 PW with an annual rental yield of 2.7% and units rent for $340 PW with a rental yield of 2.8%. googletag.pubads().setTargeting("URL", "Cost-of-Property"); Then you will be able to mark statistics as favourites and use personal statistics alerts. Anywhere within striking distance of the international airports at Burgas, Sofia and Varna will probably jump dramatically in value, particularly if low-cost flight operators commence scheduled flights to these destinations. London) 2016-2020, London: Monthly Index of Private Housing Rental Prices (IPHRP) 2016-2020, First time home buyer average monthly costs vs rental payments in the UK 2009-2019, UK Housing: Average weekly rent of private renters in England 2008-2019, Average monthly home rental payments in the UK 2008-2019, Portugal: house price index Q1 2016-Q2 2020, Romania: house price index Q1 2016-Q2 2020, Cyprus: house price index Q1 2016-Q2 2020, Finland: house price index Q1 2016-Q2 2020, Sweden: house price index Q1 2016-Q2 2020, Lithuania: house price index Q1 2016-Q2 2020, Poland: house price index Q1 2016-Q2 2020, Slovakia: house price index Q1 2016-Q2 2020, Austria: house price index Q1 2016-Q2 2020, Slovenia: house price index Q1 2016-Q2 2020, Croatia: house price index Q1 2016-Q2 2020, Quarterly house price to rent ratio in France 2016-2020, Netherlands: house price index Q1 2016-Q2 2020, Hungary: house price index Q1 2016-Q2 2020, Monthly house price index in Edinburgh 2015-2020, Monthly house price index in England and Wales 2015-2020, Monthly house price index in England 2015-2020, Monthly house price index in Wales 2015-2020, Monthly house price index in Scotland 2015-2020, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. }); An apartment in a suburb of Sofia; an apartment in the centre of a ski resort or in one of the popular coastal towns; a detached house or villa in a ski resort; a small new or renovated property in a coastal area; a large house near one of the bigger cities. There’s also a growing number of people buying in rural areas, either for investment or for a permanent move to Bulgaria. You only have access to basic statistics. // A house in the north-east; a house away from tourist areas requiring modernisation or renovation; a small house or bungalow in a ski resort. googletag.defineSlot('/1015136/Ribbon_990x45_NoAdsense', [990, 45], 'div-gpt-ad-1319640445841-2').setCollapseEmptyDiv(true).addService(googletag.pubads()); As soon as this statistic is updated, you will immediately be notified via e-mail. Bulgaria's real estate market hits 24-28% rise in prices 2003 ( Feb 2004- Provided by " Sofia Morning News" ) The average 2003 increase of Bulgarian real estate prices is between 24 % and 28 %, the Real Estates National Association Chairman Orlin Vladikov announced on Saturday. Manastirski Livadi, Mladost and Vrabnitsa districts are also popular with average house prices ranging from €1,000 to €1,200 per sq. googletag.pubads().setTargeting("Channel", "Property"); A large house or bungalow in a rural area; a small house or villa in the Sofia region (not in Sofia); a plot several kilometres from a ski resort or from the coast; an older house or stone cottage in a coastal area in need of renovation; or a house in a small village. By continuing to use our website, you agree to the use of cookies. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook googletag.defineSlot('/1015136/MPU1_300x250', [300, 250], 'div-gpt-ad-1319640445841-3').setCollapseEmptyDiv(true).addService(googletag.pubads()); As in most countries, property is cheapest in rural areas, where the number of people leaving the land in search of a ‘better’ life (particularly since 1996/97) has left the countryside with plenty of empty properties. For a rough conversion of euros to sterling, multiply by 0.7; for US dollars, multiply by 1.25. June 24, 2020. New villa developments along the Black Sea coast are usually around €100,000 to €150,000, with prices rising to €300,000 for the most luxurious properties. You need a Single Account for unlimited access. Selangor ranked second at RM456,817. (All prices are in USD. In, National Statistical Institute Bulgaria. Overall, there is a very good return in real estate investment in Bulgaria, oftentimes over 100% +. Includes new and existing dwellings.2015=100, Average cost of rent in the United Kingdom (UK) 2019-2020, by region, Monthly completed house sales volumes in England and Wales 2015-2020, Number of housing units in London (UK) 2001-2019, Average house price in the United Kingdom (UK) 2008-2020, by country. "dismiss": "Got it! Since 2015, the house price data has been collected and the house price indices (on new and existing dwellings) have been calculated based on a harmonized approach according Regulation No (EU) 2016/792 of the European Parliament and of the Council and … Source: Numbeo ) The price per square meter to buy apartment outside of centre is $1,965.05 and generally range between $1,117.01 and $4,507.15. ... House price growth close to three-year high. The lowest price was noted in Kelantan at RM159,005. The country offers every type of location too, from beach and mountain resorts, to rustic villages and vibrant cities, each with homes at prices you'll find hard to beat. ''+i+dl;f.parentNode.insertBefore(j,f); Last year housing prices in major cities in Bulgaria rose by nearly 10% - at least according to official statistics. Are you interested in testing our corporate solutions? var child = document.getElementById("recaptcha_error"); In Lozenets and the city center, demand remains high despite that fact that these locations have the highest property prices in the country, ranging from €1,200 to €1,500 per sq. googletag.pubads().setTargeting("Language", "en"); '&l='+l:'';j.async=true;j.src= Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. m. in Q1 2020. googletag.defineSlot('/1015136/Mobile_Leaderboard', [320, 50], 'div-gpt-ad-1319640445841-6').setCollapseEmptyDiv(true).addService(googletag.pubads()); That’s still quite low, but the actual average wage has finally climbed above 500 Euros a month at least. House Price Index for Bulgaria from National Statistics Institute (NSI) - Republic of Bulgaria for the House Prices release. The ideal entry-level account for individual users. £1,706,897 Average property value today. Directly accessible data for 170 industries from 50 countries Demand is strongest on the southern Black Sea coast and around Pamporovo, where restrictions on available land and a huge influx of tourists and locals working in the tourist industry have seen demand outstrip supply. if (typeof(child) != 'undefined' && child != null) parent.removeChild(child); This statistic illustrates the house price index (HPI) in Bulgaria from the 1st quarter of 2014 to the 1st quarter of 2020. This feature is limited to our corporate solutions. else if ((width < 1200) && (width >= 768)) { googletag.enableServices(); New, Everything you need to know about the industry development, Find studies from all around the internet. As a Premium user you get access to background information and details about the release of this statistic. googletag.cmd = googletag.cmd || []; Then you can access your favorite statistics via the star in the header. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, * Source defines house price index as 'the House Price Index (HPI) is a quarterly indicator that measures the changes in the dwellings transaction prices that households acquire on the market (both newly built and already existing)'.