Call
Send Email
Messenger
WhatsApp
Eurostat: Bulgaria Tops EU in Q1 Housing Price Growth
House prices in the first quarter of 2024 were down 0.4% in the euro area and up by 1.3 % in the European Union (EU), recent data that Eurostat made public on Friday shows. The data has Bulgaria leading EU in quarter-to-quarter increase in house prices and second after Poland in terms of year-on-year growth in the first quarter.
Eurostat highlighted a comparison with Q4 of 2023, showing house prices in the euro area were down by 1.2% and up by 0.2% in EU for that period. In Q1 of 2024, house prices in the euro area were down slightly (0.1%), while prices in EU were up 0.4% compared to Q4 of 2023.
Bulgaria experienced the highest quarter-on-quarter increase in house prices in EU, registering a 7.1% increase in Q1 of 2024 compared to Q4 of 2023. Eurostat data confirms this represents the largest jump in the country's property values since Q4 of 2007. Bulgaria is followed by Hungary (+5.1%) and Poland (+4.3%). In contrast, Denmark (-2.5), France (-2.1) and Slovakia (-1.7) saw the highest rate of decline.
House prices in Bulgaria saw a 16% rise in Q1 of 2024 compared to Q1 of 2023, which ranks second in EU after Poland (+18%). Eurostat data confirms this represents the largest increase since Q3 of 2008.
Check out our properties in beach resorts
Invest in the capital city Sofia
Read more news
More News
AGENTS OF SEPTEMBER!
We are proud to announce our Agents of the Month who distinguished themselves with outstanding results and tireless work in August!
The real estate market in Bulgaria continued to move at a good pace last month. Property prices continue to rise and the demand continues to be higher than the supply. It looks like we are in for a very dynamic autum...
What happened on the real estate market in the first half of 2024?
98,178 property sales were made in the first half of 2024, according to statistics from the Registry Agency. Compared to the first 6 months of 2023, there was a very small drop in the number of transactions, which then stood at 98,832. The main reason for this is not the lack of interest, but the limite...
AGENTS OF AUGUST 2024
Meet the top real estate agents who will be at your disposal even in the most vacation-filled month!
They are experienced, they have excellent client reviews, and consistently achieve the best results month after month.
They deserve your trust and are waiting for your inquiries to buy, sell, or rent properties in Bulgaria ...
According to NSI data for the first quarter of 2024, residential property prices in Bulgaria have risen by 16% compared to a year earlier. Such accelerated growth has not been recorded since 2022. By comparison, in 2023, annual price growth was about 10%.
NSI also recorded a similar upward movement in household incomes, with data for the first quarter of 2024 showing that the countr...
