According to the latest data published by National Statistical Office the average property price in Bulgaria dropped 10% quarter-on-quarter in Q2. On yearly basis, the drop was 22%.

In Q2, the averge price in the country was €551/ sqm.

On quarterly comparisons one of the highest drops in Q2 were seen in Ruse and Plovdiv (14%), followed by Sofia and Burgas (12%). Varna noticed 8% decrease.

Year-on-year, one of the highest drops were recorded in Q2 in Ruse (41%), Veliko Tarnovo (38%) and Stara Zagora (31%). Sofia saw 25% decline, Varna 15% and Plovdiv 22%.

The lowest drops were recorded in smaller and less recognized Bulgarian property markets like Shumen, Yambol, Haskovo or Dobrich.