Bulgaria's residential property prices drop in 2012

The average asking sales prices for residential property in Bulgaria continued to fall, though slightly, in 2012, data of realtors shows.Even though prime neighborhoods had a negligible, average decrease of below 5% in an year-on-year comparison, 2012 was the fourth year in a row...

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Bulgaria's residential property prices drop in 2012



Balkans.com Business News Correspondent - 15.01.2013

The average asking sales prices for residential property in Bulgaria continued to fall, though slightly, in 2012, data of realtors shows.

Even though prime neighborhoods had a negligible, average decrease of below 5% in an year-on-year comparison, 2012 was the fourth year in a row when residential property prices in Bulgaria edged down, according to a report of imot.bg. The average asking sales prices in prime neighborhoods such as the Doctor's Garden marked an average decrease of around 15%, but this is an exception, experts say. Most Sofia districts saw a decrease in the average asking prices of 4-6% year-on-year, Novinite reports.


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