Bulgaria’s housing market recovering slowly
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Bulgaria’s housing market is now recovering slowly, amidst an improving economy. House prices are now stabilizing, and property transactions are starting to pick up.
In 2013, the average price of existing flats in Bulgaria dropped by just 1.21% to BGN 864.52 (€442.12) per square metre (sq. m.), the slowest year-on-year decline in the past five years, according to the National Statistical Institute (NSI). However, when adjusted for inflation, the price of dwellings actually increased slightly by 0.38%.
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