Graph and download economic data for Residential Property Prices for Bulgaria (QBGN368BIS) from Q1 1999 to Q1 2025 about Bulgaria, residential, housing, 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.

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.

Bulgaria - House price index was 15.10% in March of 2025, 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 August 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.

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

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.

Key information about Bulgaria Nominal Residential Property Price Index Growth

• Bulgaria Nominal Residential Property Price Index Growth was reported at 16.500 % in Sep 2024.
• This records an increase from the previous number of 15.111 % for Jun 2024.
• Bulgaria Nominal Residential Property Price Index Growth data is updated quarterly, averaging 6.215 % from Mar 2000 to Sep 2024, with 99 observations.
• The data reached an all-time high of 57.492 % in Dec 2004 and a record low of -26.832 % in Sep 2009.
• Bulgaria Nominal Residential Property Price Index Growth 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: YoY %.

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.

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

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 high base rate environment in the years since, which has 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. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. 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 rise, 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 haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

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.

Bulgaria HPI: 2010=100: North East data was reported at 98.200 2010=100 in Dec 2016. This records an increase from the previous number of 94.580 2010=100 for Sep 2016. Bulgaria HPI: 2010=100: North East data is updated quarterly, averaging 91.075 2010=100 from Mar 2015 (Median) to Dec 2016, with 8 observations. The data reached an all-time high of 98.200 2010=100 in Dec 2016 and a record low of 87.160 2010=100 in Mar 2015. Bulgaria HPI: 2010=100: North East 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.

Bulgaria - Selected residential property prices, Real, Index, 2010 = 100

Bulgaria - Selected residential property prices, Nominal, Year-on-year changes, in per cent

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, 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.

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.

HPI: 2010=100: New Dwellings: South East data was reported at 107.110 2010=100 in Dec 2016. This records an increase from the previous number of 106.130 2010=100 for Sep 2016. HPI: 2010=100: New Dwellings: South East data is updated quarterly, averaging 97.610 2010=100 from Mar 2015 (Median) to Dec 2016, with 8 observations. The data reached an all-time high of 107.110 2010=100 in Dec 2016 and a record low of 96.700 2010=100 in Jun 2015. HPI: 2010=100: New Dwellings: South East 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.

Home Ownership Rate in Bulgaria decreased to 86 percent in 2024 from 86.10 percent in 2023. This dataset provides the latest reported value for - Bulgaria Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.