(June 24, 2020). Housing Index in Bulgaria averaged 109.63 points from 2005 until 2020, reaching an all time high of 153.92 points in the third quarter of 2008 and a record low of 76.01 points in the first quarter of 2005. As a Premium user you get access to background information and details about the release of this statistic. Family of four estimated monthly costs: 3,569 лв; Single person estimated monthly costs: 1,478 лв; Bulgaria is the 4th cheapest country in Eastern Europe (10 out of 13) Cost of living in Bulgaria is cheaper than in 76% of countries in the World (57 out of 75) In Lozenets and the city center, demand remains high despite that fact that these locations have the highest property prices in the country, ranging from €1,200 to €1,500 per sq. Bulgaria - more bang for your buck in 2019? Average house price is £7,100,000 Summary about cost of living in Varna, Bulgaria: Family of four estimated monthly costs are 1,876.44$ (3,000.09лв) without rent (using our estimator). var child = document.getElementById("recaptcha_error"); 9. ", Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, * Source defines house price index as 'the House Price Index (HPI) is a quarterly indicator that measures the changes in the dwellings transaction prices that households acquire on the market (both newly built and already existing)'. [CDATA[ googletag.cmd = googletag.cmd || []; Then you can access your favorite statistics via the star in the header. As little as €50,000 will buy you a house or villa close to one of the main towns, usually with lake or mountain views, big rooms and plenty of land, or a small to medium-size new apartment in one of the coastal towns or in the capital Sofia. In most cases, the nominal house price index covers the sales of newly-built and existing dwellings, following the recommendations from the RPPI (Residential Property Prices Indices) manual. This article is an extract from Buying a Home in Bulgaria from Survival Books. new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], m. can be just €50,000. Furthermore, Bulgaria doesn’t JUST have the cheapest house prices in Europe, but also has an extremely low cost of living, with a loaf of bread costing only £0.43, a one way ticket for transport (£0.53) and a meal at a restaurant for one - £4.45. To build a stone wall around an average-sized garden of 1,000 square metres (30m by … House Price Index for Bulgaria from National Statistics Institute (NSI) - Republic of Bulgaria for the House Prices release. That’s still quite low, but the actual average wage has finally climbed above 500 Euros a month at least. }; // = 768)) { Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. At the top end of the market (over €250,000), large, modern, renovated homes, new houses with sea views, luxury apartments in Sofia and even hotels are available. googletag.defineSlot('/1015136/MPU2_300x250', [300, 250], 'div-gpt-ad-1319640445841-4').setCollapseEmptyDiv(true).addService(googletag.pubads()); Since 2015, the house price data has been collected and the house price indices (on new and existing dwellings) have been calculated based on a harmonized approach according Regulation No (EU) 2016/792 of the European Parliament and of the Council and … There’s also a growing number of people buying in rural areas, either for investment or for a permanent move to Bulgaria. and over 1 Mio. A single person estimated monthly costs are 538.16$ (860.42лв) without rent. window.cookieconsent_options = { By continuing to use our website, you agree to the use of cookies. Apartment prices here range from €80,000–90,000 to €250,000–300,000. You can only download this statistic as a Premium user. Bearing that in mind it is obvious that the accommodation costs should not exceed that amount. "Total house price index (HPI)* in Bulgaria from the 1st quarter 2014 to 1st quarter 2020." googletag.pubads().collapseEmptyDivs(); } In, National Statistical Institute Bulgaria. if (width >= 1200) { Anywhere within striking distance of the international airports at Burgas, Sofia and Varna will probably jump dramatically in value, particularly if low-cost flight operators commence scheduled flights to these destinations. Chart. New villa developments along the Black Sea coast are usually around €100,000 to €150,000, with prices rising to €300,000 for the most luxurious properties. National Statistical Institute Bulgaria. Average price comparisment of a basket of holiday goods Below is comparison of 12 holiday countries in Europe. if (typeof(child) != 'undefined' && child != null) parent.removeChild(child); } Most resorts in Bulgaria are suitable for quiet family vacations with children. }); googletag.defineSlot('/1015136/MPU4_300x250', [300, 250], 'div-gpt-ad-1319640445841-8').setCollapseEmptyDiv(true).addService(googletag.pubads()); Please do not hesitate to contact me. Price per Square Feet to Buy Apartment in City Centre : 201.42 лв: 102.19-371.61: Price per Square Feet to Buy Apartment Outside of Centre : 136.50 лв: 74.32-222.97 As in most countries, property is cheapest in rural areas, where the number of people leaving the land in search of a ‘better’ life (particularly since 1996/97) has left the countryside with plenty of empty properties. Accommodation costs should not exceed that amount $ ( 860.42лв ) without.! 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