If you only plan to hit the main cities and towns in Bulgaria and want to stay in dorms, expect a bed to cost around €8-10 per night, depending on the size of the dorm and the season that you’re travelling in. The average price per linear metre for a dry-stone wall is 215 leva (£100).Typical dimensions would be 1.6m height and 0.50m depth, with concrete foundations of at least 0.50m. You need a Single Account for unlimited access. In, National Statistical Institute Bulgaria. 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. Source: Numbeo ) 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). National Statistical Institute Bulgaria. Just over 15 years ago Bulgaria was firmly under Communist rule and it is only in the past decade that the country has fully opened itself to outside investment and encouraged private industry and business. 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. £28,229 1 1 61 sq. 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. function hide_thankyou () { House Price Index for Bulgaria from National Statistics Institute (NSI) - Republic of Bulgaria for the House Prices release. Based on a report by Khazanah Research Institute (KRI), house prices in the country have escalated at a compounded annual growth rate of 9.1 per cent since 2009. Accessed December 23, 2020. https://www.statista.com/statistics/916533/bulgaria-house-price-index/. m. Overall, the average price of sold apartments in Sofia stood at €930 per sq. Ireland has also experienced substantial growth, with average house prices up by 12% over the year, and Croatia has seen increases of … })(window,document,'script','dataLayer','GTM-MQS989'); Although Bulgaria’s currency is the lev, prices for most Bulgarian properties are quoted in euros, although in some areas popular with UK buyers prices are quoted in sterling. googletag.defineSlot('/1015136/MPU2_300x250', [300, 250], 'div-gpt-ad-1319640445841-4').setCollapseEmptyDiv(true).addService(googletag.pubads()); if (typeof(child) != 'undefined' && child != null) parent.removeChild(child); Cost of living index in Varna is 58.13% lower than in New York. Towns such Plovdiv (Bulgaria’s second biggest city), Vidin and Ruse offer historical interest, while Melnik, Balchik and Batak (near Plovdiv) have the advantage of beautiful views and quiet locations. There has recently been a phenomenal increase in values in popular areas, some developments having seen their value double in the space of 12 months, while capital growth across Bulgaria has averaged around 35 per cent for the past few years. For a rough conversion of euros to sterling, multiply by 0.7; for US dollars, multiply by 1.25. and over 1 Mio. National Statistical Institute Bulgaria. Includes new and existing dwellings.2015=100, Average cost of rent in the United Kingdom (UK) 2019-2020, by region, Monthly completed house sales volumes in England and Wales 2015-2020, Number of housing units in London (UK) 2001-2019, Average house price in the United Kingdom (UK) 2008-2020, by country. Corporate solution including all features. A paid subscription is required for full access. £1,706,897 Average property value today. National Statistical Institute Bulgaria. In Q2 P 2017, the “average house” price for All House in Malaysia increased by 0.4% to RM397,190. j=d.createElement(s),dl=l!='dataLayer'? Bearing that in mind it is obvious that the accommodation costs should not exceed that amount. // ]]> googletag.pubads().setTargeting("Channel", "Property"); Cost of basic construction The average cost of construction in Bulgaria for a quality building with construction done, wall plastered, and ceilings done is 250-350 Euros per m2 Additional costs 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. (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': The low cost of property in Bulgaria is one of the main reasons for its increasing popularity among foreign buyers. googletag.defineSlot('/1015136/Mobile_Leaderboard', [320, 50], 'div-gpt-ad-1319640445841-6').setCollapseEmptyDiv(true).addService(googletag.pubads()); } It stated that there was no significant improvement … googletag.defineSlot('/1015136/Billboard_970x250', [[970, 250], [728, 90]], 'div-gpt-ad-1319640445841-9').setCollapseEmptyDiv(true).addService(googletag.pubads()); Please create an employee account to be able to mark statistics as favorites. ", National Statistical Institute Bulgaria, Total house price index (HPI)* in Bulgaria from the 1st quarter 2014 to 1st quarter 2020 Statista, https://www.statista.com/statistics/916533/bulgaria-house-price-index/ (last visited December 23, 2020), Total house price index (HPI)* in Bulgaria from the 1st quarter 2014 to 1st quarter 2020, Age of housing/dwellings in England in 2018, by tenure, Proportion of owner occupied households in England 2000-2019, English housing: proportion of private rented households 2000-2019, English Housing: proportion of socially rented households 2000-2019, Total housing completions in England Q3 2014-Q4 2019, Construction output index: new private housing in Great Britain 2000-2019, Permanent dwellings completed across England 2001 to 2019, Construction output index: new public housing in Great Britain 2000-2019, Quarterly housing starts by private enterprises in England Q1 2015-Q4 2019, Quarterly housing starts by housing associations in England Q3 2014-Q4 2019, UK housing market: Halifax house price index 2018-2020, Monthly house price index in the United Kingdom (UK) 2015-2020, UK housing market: Halifax standardized house prices 2018-2020, UK housing market: Nationwide house price index Q1 2013-Q1 2020, UK Housing market: Nationwide house prices Q1 2011 - Q1 2020, UK Housing market: Nationwide new house prices Q1 2013-Q1 2020, Total dwellings: simple average house price in the United Kingdom (UK) 2000-2019, Household expenditure on housing in the United Kingdom 2000-2019, Distribution of homeowners in England (UK) 2019, by home financing and age, Value of approvals for house purchase loans in the UK 2016-2020, Number of approvals for lending secured on dwellings in the UK 2017-2020, Number of approvals for remortgaging in the UK 2016-2020, Value of approvals for lending secured on dwelling in the UK 2017-2018, House purchase loans distribution (gross advances) in the UK 2015-2019, by purpose, United Kingdom (UK): prime property rental prices growth 2019-2024, Great Britain: Monthly Index of Private Housing Rental Prices (IPHRP) 2016-2020, Great Britain: Monthly Index of Private Housing Rental Prices (exc. To read more about the cookies we use and to change your settings see our", The minimum wage in Bulgaria has climbed from 170 euros when we did this post originally to 261 per month today. googletag.cmd = googletag.cmd || []; This statistic is not included in your account. }; You can only download this statistic as a Premium user. var child = document.getElementById("tipafriend-captcha"); Profit from additional features by authenticating your Admin account. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], Prices are being driven up by foreign buyers in the resort areas along the Black Sea coast and the mountain resorts around Pamporovo, Bansko and Borovets. Based on five years of sales, Rye has seen a compound growth rate of 10.1% for houses and 11.8% for units. A budget of between €25,000 and €50,000 will buy you a generous property of reasonable quality in a pleasant rural or less popular coastal location, possibly in need of improvement only. The price per square meter to buy apartment in city centre is $2,761.59 and generally range between $1,446.76 and $7,882.42. There’s also a growing number of people buying in rural areas, either for investment or for a permanent move to Bulgaria. Any property with a sea view will command a substantial premium, although it should be easier to resell. 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 … googletag.defineSlot('/1015136/MPU4_300x250', [300, 250], 'div-gpt-ad-1319640445841-8').setCollapseEmptyDiv(true).addService(googletag.pubads()); "Total House Price Index (Hpi)* in Bulgaria from The 1st Quarter 2014 to 1st Quarter 2020. New, Figures and insights about the advertising and media world, Industry Outlook You need at least a Single Account to use this feature. With a budget of up to around €25,000, you should be able to find a large wooden or stone house with open fireplaces, large rooms, picturesque views and plenty of land attached, but needing renovation to bring it up to standard. Do you have any comments, updates or questions on this topic? Ask them here: Extra costs and taxes when buying property in Bulgaria, All you need to know to deal with estate agents. Learn more about how Statista can support your business. Paperwork necessary for buying a porperty in Bulgaria, Help your kids adapt abroad + Parent tips. "domain": "justlanded.com", This is one of the fastest rates in the EU, where the average price increase is 4. googletag.pubads().setTargeting("JLCountry", "Bulgaria"); A house in the north-east; a house away from tourist areas requiring modernisation or renovation; a small house or bungalow in a ski resort. This page provides forecast and historical data, charts, statistics, news and updates for Bulgaria House Price Index. 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. Most unmodernised rural houses have an outside toilet, and bathrooms tend to be fairly rudimentary. Kuala Lumpur continued to record the highest price at RM773,109. "message": "We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Last year housing prices in major cities in Bulgaria rose by nearly 10% - at least according to official statistics. (June 24, 2020). var googletag = googletag || {}; googletag.enableServices(); This page provides - Bulgaria House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Statista. 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. '&l='+l:'';j.async=true;j.src= Summary of cost of living in Bulgaria. googletag.defineSlot('/1015136/Mobile_Leaderboard', [320, 50], 'div-gpt-ad-1319640445841-6').setCollapseEmptyDiv(true).addService(googletag.pubads()); ARE prices of new properties in Malaysia inflated? Register in seconds and access exclusive features. In Sofia , there were 5,285 property sales in Q1 2020, down 6.3% from 5,641 sales a year earlier, according to the Registry Agency. "link": "https://www.justlanded.com/english/Common/Footer/Terms-Conditions/How-we-secure-your-personal-data-at-Just-Landed", Coastal and city properties can cost anything from 3 to 20 times more than similar-size rural properties, although the standard and infrastructure of rural properties can be quite low (some have no mains water or electricity and most an outside toilet). googletag.defineSlot('/1015136/MPU3_300x250', [300, 250], 'div-gpt-ad-1319640445841-5').setCollapseEmptyDiv(true).addService(googletag.pubads()); googletag.defineSlot('/1015136/MPU1_300x250', [300, 250], 'div-gpt-ad-1319640445841-3').setCollapseEmptyDiv(true).addService(googletag.pubads()); if (typeof(child) != 'undefined' && child != null) parent.removeChild(child); Total house price index (HPI)* in Bulgaria from the 1st quarter 2014 to 1st quarter 2020 [Graph]. } 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 var width = window.innerWidth || document.documentElement.clientWidth; An apartment in a suburb of Sofia; an apartment in the centre of a ski resort or in one of the popular coastal towns; a detached house or villa in a ski resort; a small new or renovated property in a coastal area; a large house near one of the bigger cities. 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