The extent of the decline in residential property prices in Bulgaria are shown in the latest figures which were published on Property Wire portal. The figures reveal they are 5 to 10% lower in 2011 than in 2010.
Initial predictions for 2012 are that prices are largely expected to be unchanged as real estate markets around the country remain at a standstill.
Average prices in the capital city Sofia were around 920 euros per square meter, down from
1 100 euros in 2010.
Prices in Bourgas on the Black Sea fell to an average 860 euros per square meter and in Plovdiv, Bulgaria’s second city; they were 770 euros per square meter. Bansko, which has been v very popular with overseas buyers, saw prices fall by 25%.
Source: http://www.propertywire.com/news/europe/bulgaria-residential-property-prices-201201246040.html