Housing Index in Bulgaria increased to 221.91 points in the third quarter of 2024 from 213.53 points in the second quarter of 2024. This dataset provides - Bulgaria House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Residential Property Prices for Bulgaria (QBGR368BIS) from Q1 1999 to Q3 2024 about Bulgaria, residential, housing, real, and price.

The average house price in Bulgaria has risen substantially since 2015. In the fourth quarter of 2024, the house price index amounted to 192.72, suggesting that house prices had grown almost 93 percent since 2015 - the baseline year.

In the first quarter of 2024, the United Arab Emirates, Poland, and Bulgaria registered the highest house price increase in real terms (adjusted for inflation). In the United Arab Emirates, house prices outgrew inflation by 16.17 percent. When comparing the nominal price change, which does not take inflation into consideration, the average house price growth was even higher. Nevertheless, many countries experienced declining prices, with Luxembourg recording the biggest decline, at nearly 14 percent. That has to do with a broader trend of a slowing global housing market.

The price of residential real estate increased in most countries in the European Union in the fourth quarter of 2023. Prices rose the most in Poland, Bulgaria, and Croatia. Nevertheless, many of the largest markets saw prices decline. In Germany, the house price index fell by 7.1 percent from the same period a year ago. According to the aggregate house price index for the EU, prices mostly stabilized after a brief drop in the second half of 2022.

In 2024, the average apartment rent in Bulgaria ranged between three and nine euros per square meter. The province with the highest rents was Sofia City, where renting an apartment cost on average nine euros per square meter. Varna, Burgas, and Blagoevgrad had the second-highest rental price, at seven euros per square meter. In Bulgaria, less than 15 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.

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 120 index points, indicating that since 2015, house price growth has outpaced income growth by 20 percent. In Portugal, the index amounted to 153 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 hosing 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.

Key information about Bulgaria Nominal Residential Property Price Index

• Bulgaria Nominal Residential Property Price Index was reported at 209.730 2010=100 in Sep 2024.
• This records an increase from the previous number of 201.810 2010=100 for Jun 2024.
• Bulgaria Nominal Residential Property Price Index data is updated quarterly, averaging 98.433 2010=100 from Mar 2000 to Sep 2024, with 99 observations.
• The data reached an all-time high of 209.730 2010=100 in Sep 2024 and a record low of 32.428 2010=100 in Dec 2000.
• Bulgaria Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

Graph and download economic data for Harmonized Index of Consumer Prices: Housing, Water, Electricity, Gas and Other Fuels for Bulgaria (CP0400BGM086NEST) from Dec 1996 to Feb 2025 about Bulgaria, water, fuels, electricity, harmonized, gas, CPI, housing, price index, indexes, and price.

Bulgaria - Labour cost index: Real estate activities was 23.50 % year-on-year in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Labour cost index: Real estate activities - last updated from the EUROSTAT on March of 2025. Historically, Bulgaria - Labour cost index: Real estate activities reached a record high of 24.90 % year-on-year in June of 2024 and a record low of -8.10 % year-on-year in March of 2022.

Bulgaria GDP: GVA: Services: Real Estate Activities data was reported at 3,806.388 BGN mn in Dec 2024. This records an increase from the previous number of 3,488.465 BGN mn for Sep 2024. Bulgaria GDP: GVA: Services: Real Estate Activities data is updated quarterly, averaging 1,835.447 BGN mn from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 3,806.388 BGN mn in Dec 2024 and a record low of 70.686 BGN mn in Sep 1995. Bulgaria GDP: GVA: Services: Real Estate Activities data remains active status in CEIC and is reported by National Statistical Institute. The data is categorized under Global Database’s Bulgaria – Table BG.A014: ESA 2010: GDP: by Industry: Current Price.

In Bulgaria, commercial real estate yields are fairly high in comparison to the rest of Europe. For example, industrial yields in Bulgaria are more than double that in the United Kingdom (UK). Yields measure the expected future income on an investment. Yields are especially important for those looking to invest in commercial real estate, as capital growth rates tend not to be as high as in the residential market.

Bulgaria Labour Cost per Hour Worked: NACE 2008: Real Estate Activities data was reported at 14.650 BGN in 2023. This records an increase from the previous number of 13.090 BGN for 2022. Bulgaria Labour Cost per Hour Worked: NACE 2008: Real Estate Activities data is updated yearly, averaging 7.110 BGN from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 14.650 BGN in 2023 and a record low of 4.730 BGN in 2008. Bulgaria Labour Cost per Hour Worked: NACE 2008: Real Estate Activities data remains active status in CEIC and is reported by National Statistical Institute. The data is categorized under Global Database’s Bulgaria – Table BG.G018: Labour Cost per Hour Worked: NACE 2008.

Valori correnti, dati storici, previsioni, statistiche, grafici e calendario economico - Bulgaria - Prezzi degli immobili residenziali.

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.

In 2021, the personnel costs of the real estate industry in Bulgaria increased by 21.2 million euros (+8.38 percent) since 2020. With 274.09 million euros, the personnel costs thereby reached their highest value in the observed period. Notably, the personnel costs in this industry continuously increased over the last years.According to Eurostat, cost of personnel are defined as the total remuneration payable by an employer to an employee in return for work during the reference period. It also includes taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs.Find more statistics on the real estate industry in Bulgaria with key insights such as turnover and number of employees.

In 2024, Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio index in Europe. The four countries ranked the highest, with house price to rent indices exceeding 160 index points. The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries, with 2015 used as a base year. The higher the ratio, the more the gap between house prices and rental rates has widened since 2015 when the index amounted to 100. In terms of house price to income ratio, the top three countries were Portugal, Luxembourg, and Hungary Homeownership in Europe Homeownership varies widely across European countries. In some, such as Austria, Germany and Switzerland, homeownership is relatively low with less than two thirds of people occupying a dwelling owned by a member of the household. In other countries (Iceland, the Netherlands, Norway, and Sweden) more than half of people were owner-occupiers with a mortgage. A third group of countries with a high homeownership rate without a housing loan includes many Eastern and South European countries, among which were Serbia, Romania, North Macedonia, Italy, and Bulgaria. Dwellings as a non-financial asset Dwellings, along with structures, land, and intellectual property, are classed as non-financial assets and form an important part of household wealth. Through sale, refinancing or renting, they can serve as an additional source of income. In 2022, France, Germany, and Norway were the European countries with the highest value of dwellings per capita as a non-financial asset with values between 83,000 and 91,000 euros per capita.

Among Central and Eastern European countries, Poland recorded the highest annual increases in residential property prices in the fourth quarter of 2023, with apartment prices increasing by 13 percent year-on-year. Bulgaria and Croatia followed. Only Czechia and Slovakia noted slight decreases in prices.

Bulgaria GDP: 2020p: GVA: Services: Real Estate Activities data was reported at 3,002.646 BGN mn in Sep 2024. This records a decrease from the previous number of 3,024.987 BGN mn for Jun 2024. Bulgaria GDP: 2020p: GVA: Services: Real Estate Activities data is updated quarterly, averaging 2,006.739 BGN mn from Mar 1995 (Median) to Sep 2024, with 119 observations. The data reached an all-time high of 3,263.718 BGN mn in Dec 2023 and a record low of 1,110.766 BGN mn in Jun 1997. Bulgaria GDP: 2020p: GVA: Services: Real Estate Activities data remains active status in CEIC and is reported by National Statistical Institute. The data is categorized under Global Database’s Bulgaria – Table BG.A016: ESA 2010: GDP: by Industry: 2020 Price.

The house price to income index in Europe declined in almost all European countries in 2023, indicating that income grew faster than house prices. Portugal, Luxembourg, and the Netherlands led the house price to income index ranking in 2023, with values exceeding 125 index points. Romania, Bulgaria, and Finland were on the other side of the spectrum, with less than 100 index points. The house price to income ratio is an indicator for the development of housing affordability across OECD countries and is calculated as the nominal house prices divided by nominal disposable income per head, with 2015 chosen as a base year. A ratio higher than 100 means that the nominal house price growth since 2015 has outpaced the nominal disposable income growth, and housing is therefore comparatively less affordable. In 2023, the OECD average stood at 117.4 index points.