site.btaEurostat: Real Estate Prices in Bulgaria Have Risen by 59%, Rent by 23.5% since 2010

Real estate prices in Bulgaria increased by an estimated 59% between 2010 and the second quarter of 2022, and rent went up by around 23.5%, the latest Eurostat data shows. Real estate prices and rent grew at roughly the same rate between 2010 and the second quarter of 2011, and then real estate prices accelerated significantly.

Between 2010 and the second quarter of 2022, property prices in the EU increased by 48% and rent went up by 18%.

In the second quarter of the year, real estate prices and rent in EU countries continued to rise at a steady pace, compared to the first three months of 2021: by 9.9% for real estate and by 1.7% for rent.

Property prices increased by more than 100% between 2010 and the second quarter of this year in a number of EU Member States: Estonia (+196%), Hungary (+168%), Luxembourg (+135%), Latvia (+ 131%), Lithuania (+130%), Czechia (+130%), and Austria (+121%).

During this period, real estate prices increased in 24 EU countries and decreased in only 3: Greece (-23%, the data are from the Central Bank of the country and are valid until 2021 instead of the second quarter of 2022), Italy (-8%), and Cyprus (-6%).

Rent increased in 25 EU countries during this period and decreased in only 2 - Greece (-24%) and Cyprus (-0.2%). The most significant rent increases were in Estonia (+214%), Lithuania (+139%), and Ireland (+82%).