Bulgaria is among the countries of the European Union (EU) with the fastest annual growth in house prices, according to data from the European Statistical Office Eurostat.
In the second quarter of the year compared to the same period in 2016 the growth of housing prices in our country reached 8.6%. This represents a slight slowdown compared to the first quarter when an increase of 9% was recorded.
In the second quarter, house prices rose by 2.4% compared with the first, according to data.
Leading house price growth in the EU is the Czech Republic with 13.3%, followed by Ireland by 10.6%, Lithuania by 10.2% and Latvia by 9.6%. Then Bulgaria and Sweden are 8.6%.
An annual decline in house prices was reported only in Italy - 0.2%.
For the quarter, the strongest property price growth was recorded in Latvia - 6.1%, followed by Slovakia by 5.6% and Romania by 4.9%. A decrease was recorded in Hungary (-1.5%) and Belgium (-0.7%).
The EU average annual house price growth in the second quarter reached 4.4% and in the euro area 3.8%. For the quarter, prices rose by 1.8% and 1.5%, respectively.