The average house price in Bulgaria has risen substantially since 2015. In the fourth quarter of 2024, the house price index amounted to ******, suggesting that house prices had grown almost ** percent since 2015 - the baseline year.

Housing Index in Bulgaria increased to 246.65 points in the second quarter of 2025 from 237.55 points in the first quarter of 2025. This dataset provides - Bulgaria House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about House Prices Growth

• Bulgaria house prices grew 15.1% YoY in Jun 2024, following an increase of 16.0% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2006 to Jun 2024, with an average growth rate of 6.3%.
• House price data reached an all-time high of 34.6% in Dec 2007 and a record low of -26.8% in Sep 2009.

In 2024, the average apartment rent in Bulgaria ranged between ***** and **** euros per square meter. The province with the highest rents was Sofia City, where renting an apartment cost on average **** euros per square meter. Varna, Burgas, and Blagoevgrad had the second-highest rental price, at ***** euros per square meter. In Bulgaria, less than ** percent of households lived in a rented home. Nevertheless, the rental market has been growing in recent years, with rent prices rising faster than the average in the euro area.

In the second quarter of 2025, North Macedonia, Portugal, and Bulgaria registered the highest house price increase in real terms (adjusted for inflation). In North Macedonia, house prices outgrew inflation by nearly ** percent. When comparing the nominal price change, which does not take inflation into consideration, the average house price growth was even higher.

Meanwhile, many countries experienced declining prices, with Hong Kong recording the biggest decline, at ***** percent. That has to do with a broader trend of a slowing global housing market.

Bulgaria Rent Price Index: sa data was reported at 149.194 2015=100 in 2025. This records an increase from the previous number of 135.849 2015=100 for 2024. Bulgaria Rent Price Index: sa data is updated yearly, averaging 96.373 2015=100 from Dec 1995 (Median) to 2025, with 31 observations. The data reached an all-time high of 149.194 2015=100 in 2025 and a record low of 0.779 2015=100 in 1995. Bulgaria Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Bulgaria – Table BG.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Annual.

Portugal, the Netherlands and Austria are among the countries where house prices grew the most in comparison to income since 2015. In the fourth quarter of 2024, the house price to income ratio in the Netherlands and Austria exceeded *** index points, indicating that since 2015, house price growth has outpaced income growth by ** percent. In Portugal, the index amounted to *** index points in the same period. This was not the case in all countries in the ranking: In Finland, Bulgaria, and Romania, the opposite trend was observed, showing that incomes grew faster than house prices. The house price to income ratio is calculated as the nominal house prices divided by nominal income per capita, with 2015 chosen as the base year of the index. The ratio signifies the development of housing affordability, with higher figures meaning housing is more unaffordable. There are other indices, such as RHPI (or house price indices corrected by inflation rates) which look at this as well.

Bulgaria - Median of the housing cost burden distribution: Rural areas was 16.40% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Median of the housing cost burden distribution: Rural areas - last updated from the EUROSTAT on November of 2025. Historically, Bulgaria - Median of the housing cost burden distribution: Rural areas reached a record high of 24.10% in December of 2016 and a record low of 14.70% in December of 2009.

Bulgaria - Median of the housing cost burden distribution: Cities was 13.00% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Median of the housing cost burden distribution: Cities - last updated from the EUROSTAT on December of 2025. Historically, Bulgaria - Median of the housing cost burden distribution: Cities reached a record high of 21.80% in December of 2016 and a record low of 13.00% in December of 2024.

In 2025, North Macedonia, Portugal, and Bulgaria exhibited the highest inflation-adjusted increase in house prices among the countries under observation. In the first quarter of the year, house prices in North Macedonia grew by nearly ** percent in real terms, whereas globally, prices declined by about *** percent. The country with the highest price drop was Turkey, at almost *** percent. Austria, Finland, and Belgium also experienced a decline in prices, at ***, **** and *** percent, respectively. These figures are based on the development of the real house price index, with 2010 chosen as a baseline year. When looking at the long-term index development, Turkey observed the biggest increase in prices in the region. When looking at the average house price in the major European markets, Luxembourg emerged as the country with the most expensive residential property. Meanwhile, cities such as Geneva, Zurich, and London had the highest average apartment prices.

Bulgaria - Median of the housing cost burden distribution: Males was 14.00% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Median of the housing cost burden distribution: Males - last updated from the EUROSTAT on November of 2025. Historically, Bulgaria - Median of the housing cost burden distribution: Males reached a record high of 22.00% in December of 2016 and a record low of 14.00% in December of 2024.

The financial crisis of 2008 has caused a number of changes in the investment of both companies and individuals. One of the widely invested assets became the real estate market. The decline in real estate prices was noted in 2009 and 2012-2014. The highest decrease in property prices was indicated in Bulgaria, Ireland, Lithuania, Latvia, Slovakia and Estonia. Property prices, despite the crisis, increased however in Belgium and Germany. On average, property prices in the EU declined by 4.4% in 2009, 1.9% in 2012 and 1.2% in 2013.

Bulgaria - Median of the housing cost burden distribution: From 18 to 64 years was 13.20% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Median of the housing cost burden distribution: From 18 to 64 years - last updated from the EUROSTAT on November of 2025. Historically, Bulgaria - Median of the housing cost burden distribution: From 18 to 64 years reached a record high of 21.20% in December of 2016 and a record low of 13.20% in December of 2024.

In 2024, the average mortgage rates in European countries varied from *** percent in Bulgaria to over nine percent in Hungary. The mortgage rate for a home purchase is decided depending on the individual situation of the homebuyer, their credit history, and income, but they also follow macro determinants including the base lending rate, inflation, economic growth, and the health of the housing market. Starts, completions and prices The supply of new housing varies in different countries in Europe. In 2023, the number of new housing units completed per 1,000 citizens was between *** and seven, with this number varying greatly in different countries. Ireland and Poland were among the countries with most completed housing units. When it comes to housing starts, Ireland tops the ranking. The average transaction price of a new dwelling in 2023 ranged anywhere from roughly ***** euros per square meter to under ***** euros per square meter. Housing stock As the most populous country in Europe, Germany has the largest housing stock. Comparing the number of housing units per 1,000 citizens is an easy way to identify housing shortages. In Greece and the UK, for example, the number of dwellings per 1,000 citizens measured less than ***, compared to Bulgaria and Spain, where it was around ***.

In the fourth quarter of 2024, the Bulgaria, Spain, and Portugal registered the highest house price increase in real terms (adjusted for inflation). In Bulgaria, house prices outgrew inflation by nearly 16 percent. When comparing the nominal price change, which does not take inflation into consideration, the average house price growth was even higher.

Meanwhile, many countries experienced declining prices, with Turkey recording the biggest decline, at 12 percent. That has to do with a broader trend of a slowing global housing market.

Bulgaria - Housing cost overburden rate: Below 60% of median equivalised income was 29.40% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Housing cost overburden rate: Below 60% of median equivalised income - last updated from the EUROSTAT on November of 2025. Historically, Bulgaria - Housing cost overburden rate: Below 60% of median equivalised income reached a record high of 55.30% in December of 2016 and a record low of 20.20% in December of 2010.

Bulgaria - Median of the housing cost burden distribution: Above 60% of median equivalised income was 12.40% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Median of the housing cost burden distribution: Above 60% of median equivalised income - last updated from the EUROSTAT on November of 2025. Historically, Bulgaria - Median of the housing cost burden distribution: Above 60% of median equivalised income reached a record high of 19.80% in December of 2016 and a record low of 12.40% in December of 2024.

The total number of dwellings per one thousand citizens in European countries in 2024 was the highest in Bulgaria and the lowest in Greece. There were approximately *** dwellings for every one thousand citizens in Bulgaria and in Greece, this figure amounted to ***. France had the largest total housing stock of *****million dwellings in the same year, of which there were *** per one thousand citizens. How prevalent is homeownership across European nations? Homeownership rates in Europe vary widely due to cultural, economic, and policy factors. Usually, countries in Southern and Eastern Europe tend to have higher rates of homeownership compared to those in Northern and Western Europe. For instance, in 2022, the homeownership rates in countries like Serbia, Romania, and Slovakia were quite high, topping ** percent. On the contrary, nations such as Germany, Switzerland, and Austria exhibited lower rates, below ** percent. New dwelling transaction prices across Europe The transaction price of a new dwelling includes the cost of the property itself, along with any additional expenses like taxes, fees, or other associated costs pertaining to the acquisition. In 2023, the average transaction price for a new dwelling in Europe was the highest in Austria, Germany, and France. Romania, Greece and Bosnia and Herzegovina had the lowest average transaction prices compared to other European countries.

Bulgaria - Median of the housing cost burden distribution: Females was 15.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Median of the housing cost burden distribution: Females - last updated from the EUROSTAT on November of 2025. Historically, Bulgaria - Median of the housing cost burden distribution: Females reached a record high of 23.40% in December of 2016 and a record low of 15.00% in December of 2010.

Bulgaria - Electricity prices: Non-household, medium size consumers was EUR0.11 Kilowatt-hour in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on December of 2025. Historically, Bulgaria - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.24 Kilowatt-hour in December of 2022 and a record low of EUR0.06 Kilowatt-hour in December of 2011.