Housing Index in Bulgaria increased to 237.55 points in the first quarter of 2025 from 228 points in the fourth quarter of 2024. 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.

House price index in Bulgaria, March, 2025 The most recent value is 224.51 index points as of Q1 2025, an increase compared to the previous value of 215.49 index points. Historically, the average for Bulgaria from Q1 1998 to Q1 2025 is 97.98 index points. The minimum of 32 index points was recorded in Q1 1998, while the maximum of 224.51 index points was reached in Q1 2025. | TheGlobalEconomy.com

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

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 ** 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 ** percent. That has to do with a broader trend of a slowing global housing market.

In 2024, Bulgaria, Hungary, and Spain exhibited the highest inflation-adjusted increase in house prices among the countries under observation. In the fourth quarter of the year, house prices in Bulgaria grew by nearly ** percent in real terms, whereas globally, prices declined by about * percent. The country with the highest price drop was Luxembourg, at almost ***** percent. Turkey, France, and Austria also experienced a notable 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, Norway 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 Rent Price Index: sa data was reported at 135.849 2015=100 in 2024. This records an increase from the previous number of 128.673 2015=100 for 2023. Bulgaria Rent Price Index: sa data is updated yearly, averaging 95.215 2015=100 from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 135.849 2015=100 in 2024 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.

Real residential property prices Y-on-Y, percent change in Bulgaria, December, 2024 The most recent value is 15.9 percent as of Q4 2024, an increase compared to the previous value of 14.34 percent. Historically, the average for Bulgaria from Q1 1999 to Q4 2024 is 3.5 percent. The minimum of -27.56 percent was recorded in Q3 2009, while the maximum of 50.36 percent was reached in Q4 2004. | TheGlobalEconomy.com

Turkey experienced the highest annual change in house prices in 2024, followed by Bulgaria and Russia. In the fourth quarter of the year, the nominal house price in Turkey grew by **** percent, while in Bulgaria and Russia, the increase was ** and ** percent, respectively. Meanwhile, many countries saw prices fall throughout the year. That has to do with an overall cooling of the global housing market that started in 2022. When accounting for inflation, house price growth was slower, and even more countries saw the market shrink.

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 September 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.

Bulgaria - Median of the housing cost burden distribution: 65 years or over was 18.80% 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: 65 years or over - last updated from the EUROSTAT on September of 2025. Historically, Bulgaria - Median of the housing cost burden distribution: 65 years or over reached a record high of 28.40% in December of 2017 and a record low of 18.10% in December of 2010.

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.

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: Furniture and household maintenance prices, world average = 100: The latest value from 2021 is 79.46 index points, an increase from 73.8 index points in 2017. In comparison, the world average is 82.49 index points, based on data from 165 countries. Historically, the average for Bulgaria from 2017 to 2021 is 76.63 index points. The minimum value, 73.8 index points, was reached in 2017 while the maximum of 79.46 index points was recorded in 2021.

Bulgaria - Housing cost overburden rate: Above 60% of median equivalised income was 2.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Housing cost overburden rate: Above 60% of median equivalised income - last updated from the EUROSTAT on September of 2025. Historically, Bulgaria - Housing cost overburden rate: Above 60% of median equivalised income reached a record high of 10.40% in December of 2016 and a record low of 2.10% in December of 2024.

Global house prices experienced a significant shift in 2022, with advanced economies seeing a notable decline after a prolonged period of growth. The real house price index (adjusted for inflation) for advanced economies peaked at nearly *** index points in early 2022 before falling to around ****** points by the fourth quarter of 2024. This represents a reversal of the upward trend that had characterized the housing market for roughly a decade. Conversely, real house prices in emerging economies resumed growing, after a brief correction in the second half of 2022. What is behind the slowdown? Inflation and slow economic growth have been the primary drivers for the cooling of the housing market. Secondly, the growing gap between incomes and house prices since 2012 has decreased the affordability of homeownership. Last but not least, homebuyers in 2024 faced dramatically higher mortgage interest rates, further contributing to worsening sentiment and declining transactions. Some markets continue to grow While many countries witnessed a deceleration in house price growth in 2022, some markets continued to see substantial increases. Turkey, in particular, stood out with a nominal increase in house prices of over ** percent in the first quarter of 2024. Other countries that recorded a two-digit growth include Russia and the United Arab Emirates. When accounting for inflation, the three countries with the fastest growing residential prices in early 2024 were the United Arab Emirates, Poland, and Bulgaria.

Bulgaria - Median of the housing cost burden distribution: Below 60% of median equivalised income was 30.30% 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: Below 60% of median equivalised income - last updated from the EUROSTAT on September of 2025. Historically, Bulgaria - Median of the housing cost burden distribution: Below 60% of median equivalised income reached a record high of 43.20% in December of 2016 and a record low of 25.80% in December of 2010.

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 September 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.

Mortgage credit interest rate, percent in Bulgaria, June, 2025 The most recent value is 2.74 percent as of June 2025, no change compared to the previous value of 2.74 percent. Historically, the average for Bulgaria from January 2007 to June 2025 is 6.12 percent. The minimum of 2.74 percent was recorded in May 2025, while the maximum of 9.84 percent was reached in December 2008. | TheGlobalEconomy.com