Text size

Eurostat: Bulgaria ranks second in the EU in house price growth

published on 10/3/23 4:22 PM

Photo: Eurostat

House prices in the European Union increased by 0.3% in the second quarter, compared to the first quarter of 2023. In Bulgaria over the same period, house prices rose by 4.3% compared to the first quarter, European statistics agency Eurostat, published today, shows.

This ranks Bulgaria second among the EU Member States in terms of the largest quarterly increase in house prices. Over this period, a bigger increase in prices was observed only in Latvia (+5.1%).

In the second quarter of 2023, Bulgarian house prices increased by 10.7% on a year-on-year basis. During this period, only Croatia reported a more significant price increase among EU Member States, which amounted to 13.7%.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Bulgaria EU Eurostat house prices increase second quarter

More from category

NSI: Bulgaria Records Second Consecutive Month of Deflation

According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..

published on 6/14/24 4:55 PM

Businesses expect the authorities to streamline the process of importing of foreign workers

The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..

updated on 6/14/24 12:03 PM

The World Bank lowers Bulgaria's GDP growth forecast by 0.3%

The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..

published on 6/12/24 10:48 AM