Graph and download economic data for Residential Property Prices for Bulgaria (QBGN628BIS) from Q1 1998 to Q4 2024 about Bulgaria, residential, HPI, housing, price index, indexes, and price.

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.

Bulgaria - House price index was 16.50% in September of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - House price index - last updated from the EUROSTAT on July of 2025. Historically, Bulgaria - House price index reached a record high of 34.60% in December of 2007 and a record low of -26.80% in September of 2009.

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.

Residential Property Prices in Bulgaria increased 18.27 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Bulgaria Residential Property Prices.

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.

HPI: 2010=100: North Central data was reported at 99.900 2010=100 in Dec 2016. This records a decrease from the previous number of 100.220 2010=100 for Sep 2016. HPI: 2010=100: North Central data is updated quarterly, averaging 98.115 2010=100 from Mar 2015 (Median) to Dec 2016, with 8 observations. The data reached an all-time high of 100.220 2010=100 in Sep 2016 and a record low of 95.730 2010=100 in Mar 2015. HPI: 2010=100: North Central data remains active status in CEIC and is reported by National Statistical Institute. The data is categorized under Global Database’s Bulgaria – Table BG.EB007: House Price Index: by Regions and Major Cities: 2010=100.

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

House price index in Bulgaria, December, 2024 The most recent value is 215.49 index points as of Q4 2024, an increase compared to the previous value of 209.73 index points. Historically, the average for Bulgaria from Q1 1998 to Q4 2024 is 96.8 index points. The minimum of 32 index points was recorded in Q1 1998, while the maximum of 215.49 index points was reached in Q4 2024. | 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.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Typically, estate agents can earn income via fees and commissions charged to clients, which allows them to protect their operating profit margin from property price fluctuations. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated rise of 1.2% in 2025 to €207.6billion, 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 in 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, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this have 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, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. 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.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Bulgaria (CP0410BGM086NEST) from Dec 1996 to May 2025 about Bulgaria, harmonized, rent, CPI, housing, price index, indexes, and price.

HPI: 2010=100: New Dwellings: South West data was reported at 120.990 2010=100 in Dec 2016. This records a decrease from the previous number of 121.390 2010=100 for Sep 2016. HPI: 2010=100: New Dwellings: South West data is updated quarterly, averaging 115.640 2010=100 from Mar 2015 (Median) to Dec 2016, with 8 observations. The data reached an all-time high of 121.390 2010=100 in Sep 2016 and a record low of 106.660 2010=100 in Mar 2015. HPI: 2010=100: New Dwellings: South West data remains active status in CEIC and is reported by National Statistical Institute. The data is categorized under Global Database’s Bulgaria – Table BG.EB007: House Price Index: by Regions and Major Cities: 2010=100.

House Price Index YoY in Bulgaria decreased to 15.10 percent in the first quarter of 2025 from 18.30 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Bulgaria House Price Index YoY.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the rising base rate environment in the years since, which have inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Revenue is forecast to fall at a compound annual rate of 4.0% over the five years through 2024 to €588.2 billion, including an anticipated drop of 3.1% in 2024. However, profitability remains strong, with the average industry profit margin standing at an estimated 41.6% in 2024. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest hike, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact – properties in many areas aren’t suitable due to their lack of green credentials. Revenue is slated to inch upwards at a compound annual rate of 3.1% over the five years through 2029 to €651.3 billion. Although economic conditions are set to improve in the short term, elevated mortgage rates will continue to weigh on demand for residential property. However, the warehousing market is positioned for solid growth, benefitting from the rise in e-commerce. This is particularly relevant to Poland, which leads the EU warehouse market.

House Price Index (HPI): 2010=100: North West data was reported at 91.750 2010=100 in Dec 2016. This records an increase from the previous number of 90.670 2010=100 for Sep 2016. House Price Index (HPI): 2010=100: North West data is updated quarterly, averaging 91.210 2010=100 from Mar 2015 (Median) to Dec 2016, with 8 observations. The data reached an all-time high of 92.640 2010=100 in Dec 2015 and a record low of 88.330 2010=100 in Mar 2015. House Price Index (HPI): 2010=100: North West data remains active status in CEIC and is reported by National Statistical Institute. The data is categorized under Global Database’s Bulgaria – Table BG.EB007: House Price Index: by Regions and Major Cities: 2010=100.

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 *** 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 ***** index points.

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 May 2025 about Bulgaria, water, fuels, electricity, harmonized, gas, CPI, housing, price index, indexes, and price.

This statistic shows the house price index in Bulgaria from the first quarter of 2016 to the second quarter of 2020. In the quarter ending June 2020, the house price index stood at 134.03, making it the second highest level recorded during this period of time.