The crash continues in Bulgaria, but there are positive signs
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The Bulgarian housing market remains in the doldrums. House prices continued to drop in Q1 2010, amid a poor economic environment
Dwellings in Bulgaria sold for an average of BGN 978.7 (€500) per square metre in Q1 2010, down by 17.81% (-18.55% inflation-adjusted) from a year earlier, and down by 2.30% during the quarter, according to the National Statistical Institute. This is 31% lower than the peak price of BGN1,418 (€725) per sq. m. in Q3 2008.
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