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. (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': A rural property in need of major renovation can often be purchased for less than €5,000, while rural properties in better condition needing only minor repair seldom cost much more than €20,000. The most expensive real estate in Bulgaria is for sale at the St. Konstantin and Elena resort. View our range of houses, villas and apartments for sale in Bulgaria. Paperwork necessary for buying a porperty in Bulgaria, Help your kids adapt abroad + Parent tips. googletag.pubads().collapseEmptyDivs(); Property Prices. 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 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. "Total House Price Index (Hpi)* in Bulgaria from The 1st Quarter 2014 to 1st Quarter 2020. Bulgaria has seen relatively strong price growth in the past 12 months, according to the Knight Frank Global House Price index, with prices increasing by 8.2%. Bearing that in mind it is obvious that the accommodation costs should not exceed that amount. Selangor ranked second at RM456,817. Any property with a sea view will command a substantial premium, although it should be easier to resell. "target": "_blank", 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. window.cookieconsent_options = { 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. Average flat price is £1,307,407. As a Premium user you get access to background information and details about the release of this statistic. googletag.pubads().enableSingleRequest(); Please contact us to get started with full access to dossiers, forecasts, studies and international data. Cost of living index in Varna is 58.13% lower than in New York. googletag.pubads().setTargeting("Channel", "Property"); var child = document.getElementById("recaptcha_error"); Please create an employee account to be able to mark statistics as favorites. Are you buying off plan or an existing property? "dismiss": "Got it! Price per Square Feet to Buy Apartment in City Centre : 201.42 лв: 102.19-371.61: Price per Square Feet to Buy Apartment Outside of Centre : 136.50 лв: 74.32-222.97 Ireland has also experienced substantial growth, with average house prices up by 12% over the year, and Croatia has seen increases of … googletag.pubads().setTargeting("App", "www"); Last year housing prices in major cities in Bulgaria rose by nearly 10% - at least according to official statistics. Find overseas properties to buy in Bulgaria with the UK's largest data-driven property portal. Housing prices include housing rent prices indices, real and nominal house prices indices, and ratios of price to rent and price to income. Ask them here: Extra costs and taxes when buying property in Bulgaria, All you need to know to deal with estate agents. googletag.defineSlot('/1015136/Mobile_Leaderboard', [320, 50], 'div-gpt-ad-1319640445841-6').setCollapseEmptyDiv(true).addService(googletag.pubads()); 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. m. can be just €50,000. ", if (width >= 1200) { googletag.defineSlot('/1015136/MPU2_300x250', [300, 250], 'div-gpt-ad-1319640445841-4').setCollapseEmptyDiv(true).addService(googletag.pubads()); googletag.defineSlot('/1015136/Sponsorship_200x50_NoAdsense', [200, 50], 'div-gpt-ad-1319640445841-0').addService(googletag.pubads()); googletag.pubads().setTargeting("JLCountry", "Bulgaria"); £28,229 1 1 61 sq. £1,706,897 Average property value today. Based on a report by Khazanah Research Institute (KRI), house prices in the country have escalated at a compounded annual growth rate of 9.1 per cent since 2009. 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. Do you have any comments, updates or questions on this topic? 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. 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. The minimum wage in Bulgaria has climbed from 170 euros when we did this post originally to 261 per month today. You can only download this statistic as a Premium user. "learnMore": "privacy & cookie policy. Total house price index (HPI)* in Bulgaria from the 1st quarter 2014 to 1st quarter 2020 [Graph]. National Statistical Institute Bulgaria. (2020). To build a stone wall around an average-sized garden of 1,000 square metres (30m by … var child = document.getElementById("tipafriend-captcha"); Please authenticate by going to "My account" → "Administration". j=d.createElement(s),dl=l!='dataLayer'? SOFIA (Bulgaria), November 25 (SeeNews) - Bulgaria had the lowest average electricity prices for households among the European Union member states in the first half of 2020 - 10 euro ($11.9) per 100 kWh, the EU's statistical office said. (All prices are in USD. } googletag.cmd.push(function() { Register in seconds and access exclusive features. 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. Update, Insights into the world's most important technology markets, Advertising & Media Outlook googletag.defineSlot('/1015136/MPU1_300x250', [300, 250], 'div-gpt-ad-1319640445841-3').setCollapseEmptyDiv(true).addService(googletag.pubads()); +44 330 038 8226 ** Contact Save Hide. var parent = document.getElementById("tipafriend"); 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. } 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. There’s also a growing number of people buying in rural areas, either for investment or for a permanent move to Bulgaria. m. in Q1 2020. Average house price is £7,100,000 This feature is limited to our corporate solutions. 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. 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%. } }); ARE prices of new properties in Malaysia inflated? 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. 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). 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. Please do not hesitate to contact me. m. Overall, the average price of sold apartments in Sofia stood at €930 per sq. This article is an extract from Buying a Home in Bulgaria from Survival Books. "link": "", "domain": "", 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. You only have access to basic statistics. For a rough conversion of euros to sterling, multiply by 0.7; for US dollars, multiply by 1.25. 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. 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. 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. Cost of basic construction The average cost of construction in Bulgaria for a quality building with construction done, wall plastered, and ceilings done is 250-350 Euros per m2 Additional costs ''+i+dl;f.parentNode.insertBefore(j,f); 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. 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). As soon as this statistic is updated, you will immediately be notified via e-mail. else if (width < 768) { googletag.defineSlot('/1015136/MPU4_300x250', [300, 250], 'div-gpt-ad-1319640445841-8').setCollapseEmptyDiv(true).addService(googletag.pubads()); ... House price growth close to three-year high. 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. Then you can access your favorite statistics via the star in the header. 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. 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. googletag.defineSlot('/1015136/MPU1_300x250', [300, 250], 'div-gpt-ad-1319640445841-3').setCollapseEmptyDiv(true).addService(googletag.pubads()); 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. else if ((width < 1200) && (width >= 768)) { "Total house price index (HPI)* in Bulgaria from the 1st quarter 2014 to 1st quarter 2020." 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. A paid subscription is required for full access. Learn more about how Statista can support your business. By continuing to use our website, you agree to the use of cookies. })(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. 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. You need a Single Account for unlimited access. Are you interested in testing our corporate solutions? It stated that there was no significant improvement … googletag.pubads().setTargeting("Language", "en"); 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 … Chart. ", Few European holiday destinations can match Bulgaria for affordable property and low living costs. //