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Eurostat: Bulgaria ranks second in the EU in house price growth

Photo: Eurostat

House prices in the European Union increased by 0.3% in the second quarter, compared to the first quarter of 2023. In Bulgaria over the same period, house prices rose by 4.3% compared to the first quarter, European statistics agency Eurostat, published today, shows.

This ranks Bulgaria second among the EU Member States in terms of the largest quarterly increase in house prices. Over this period, a bigger increase in prices was observed only in Latvia (+5.1%).

In the second quarter of 2023, Bulgarian house prices increased by 10.7% on a year-on-year basis. During this period, only Croatia reported a more significant price increase among EU Member States, which amounted to 13.7%.

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