Housing prices in Bulgaria have risen by more than 30% since 2010. This is evident from the latter data of Eurostat, according to which rents for this period increased by nearly 15 percent.
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According to statistics, rents in the EU have risen steadily over the past ten years, while property prices have varied. In the period between 2011 and 2013, for example, a decrease in prices was reported, followed by a lull in 2014, and from 2015 to the end of 2020, property prices increased annually. After all, in the period from 2010 to the fourth quarter of 2020, average rents in the EU increased by 14.9% and house prices – by 28.6%.
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Photo: Eurostat
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How did property prices move?
Over the decade, property prices have risen in 23 countries in the community. Most significantly – in Estonia (112.8%), Luxembourg (99.8%), Hungary (90.6%), Latvia (85.6%) and Austria (81.4%).
A huge increase in property prices was reported in Iceland – by over 125%, and also in Norway – by nearly 70 percent.
At the same time, the most serious decline in property prices was reported in Greece (28.1%), Italy (15.2%), Spain (5.2%) and Cyprus (3.4%).
What about rents?
In Estonia, the sharpest increase in rents was registered – over 143%. An increase in the levels of rental levels was also registered in Lithuania (109.2%) and Ireland (61.8%). The most visible decline was again reported in Greece (25.2%) and also in Cyprus (4.1%).
