The housing prices in Bulgaria continue to fall

Data of the European statistical office Eurostat shows that the housing prices in Bulgaria have continued to fall.

In the period January-March compared with the previous three months was reported reduction of the prices by 0.9%, and on an annual basis - 2.2%, according to the European statistics. During the previous quarter was registered a decline of 1.7% and respectively 1.3%.

The housing prices in the Euro zone have reduced on average by 2.2% in the first three months of the year compared to the same period last year, and throughout the European Union with the average 1.4%.

Compared to the last quarter of last year it is registered a decline of respectively 1% and 0.6% on average for the Euro area and the EU.

The highest annual growth rate in house prices was recorded in Estonia (7.7%), Latvia (7.2%), Luxembourg (4.3%) and Sweden (4.1%), the greatest decline - in Spain (-12.8%), Hungary (-9.3%), Portugal (-7.3%) and the Netherlands (-7.2%).

On a quarterly basis the greatest price increases was reported in Romania (4.3%), Estonia (3.1%), Latvia (2.3%) and Slovakia (2.3%), and the largest decline - in Spain (-5.1%), Cyprus (-4.8%), Hungary (-3,3%) and Portugal (-3.2%).