[size=55:vjjhbvjg]Dnevnik 26 July 2010

Bulgaria home prices fall 10 per cent - National Statistical Institute

Housing prices in Bulgaria slid by 0.8 per cent between April and June compared with the previous quarter, the National Statistical Institute (NSI) said.

On an annual basis, home prices have decreased by 9.7 per cent, according to the most recent statistics.

The second quarter saw declines in 13 cities and towns in Bulgaria, the sharpest in Gabrovo (-8.3 per cent), Shoumen (-7.8 per cent) and Vratsa (-6.9 per cent).

Home prices in Sofia remained unchanged, and increased in 15 cities and towns.

Bulgarian homes were selling for an average of 971 leva a sq m in the second quarter, the highest in Varna (1594 leva a sq m), followed by Sofia (1558 leva a sq m) and Bourgas (1231 leva a sq m). The least expensive dwellings were in Kyustendil, at 569 leva a sq m.

Good from the buyers point but not so good for the seller I wonder if the market will ever recover in Bulgaria, it seems to be going deeper and deeper, my personal thoughts are that Bulgaria has had its day and is now returning to the norm and will take quite a few years to pick up again