Property Prices in Varna, Bulgaria

Index Info
Price to Income Ratio: 9.25
Mortgage as Percentage of Income: 65.90%
Loan Affordability Index: 1.52
Price to Rent Ratio - City Centre: 23.31
Price to Rent Ratio - Outside of Centre: 20.55
Gross Rental Yield (City Centre): 4.29%
Gross Rental Yield (Outside of Centre): 4.87%
Rent Per Month
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Apartment (1 bedroom) in City Centre 478.61 лв 400.00-600.00
Apartment (1 bedroom) Outside of Centre 358.79 лв 293.63-500.00
Apartment (3 bedrooms) in City Centre 782.71 лв 600.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 565.70 лв 450.00-900.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 216.83 лв 148.64-278.71
Price per Square Feet to Buy Apartment Outside of Centre 141.12 лв 92.90-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,041.64 лв
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.77 3.00-6.00

These data are based on 345 entries in the past 18 months from 48 different contributors.
Last update: January 2021

Sources and References
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