Residential Property Prices for Bulgaria
QBGN628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
224.51
Year-over-Year Change
46.17%
Date Range
1/1/1998 - 1/1/2025
Summary
The Residential Property Prices for Bulgaria track changes in real estate values across the country. This metric is crucial for policymakers and analysts to assess housing affordability and monitor potential price bubbles.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Residential Property Prices for Bulgaria index measures the development of transaction prices in the Bulgarian housing market. It serves as an important indicator of overall economic conditions and consumer confidence.
Methodology
The data is collected by the Bank for International Settlements (BIS) based on national sources.
Historical Context
Residential property prices are a key input for monetary and macroprudential policy decisions.
Key Facts
- Bulgaria's house prices rose by 9.2% in 2021.
- The index has more than doubled since 2010.
- Housing affordability remains a challenge for many Bulgarians.
FAQs
Q: What does this economic trend measure?
A: The Residential Property Prices for Bulgaria index tracks changes in real estate transaction prices across the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing housing affordability and monitoring potential price bubbles in the Bulgarian real estate market.
Q: How is this data collected or calculated?
A: The data is collected by the Bank for International Settlements (BIS) based on national sources.
Q: How is this trend used in economic policy?
A: Residential property prices are a key input for monetary and macroprudential policy decisions in Bulgaria.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a slight delay, and may not capture all regional variations in the housing market.
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Citation
U.S. Federal Reserve, Residential Property Prices for Bulgaria (QBGN628BIS), retrieved from FRED.