Bulgaria - House Price Index for New Homes

Bulgaria: House Price Index for New Homes

Mnemonic HPIN.IBGR
Unit Index 2015=100, NSA
Adjustments Not Seasonally Adjusted
Quarterly 0.88 %
Data 2020 Q1 131.83
2019 Q4 133

Series Information

Source National Statistics Institute (NSI) - Republic of Bulgaria
Release House Prices
Frequency Quarterly
Start Date 3/31/2014
End Date 3/31/2020

Bulgaria: Real Estate

Reference Last Previous Units Frequency
Building Permits 2020 Q1 2,256 2,636 #, NSA Quarterly
House Price Index 2020 Q1 135.57 133.99 Index 2015=100, NSA Quarterly
House Price Index for Existing Homes 2020 Q1 137.76 134.55 Index 2015=100, NSA Quarterly
House Price Index for New Homes 2020 Q1 131.83 133 Index 2015=100, NSA Quarterly
Non-residential Building Permits 2020 Q1 905 1,124 #, NSA Quarterly
Residential Building Completions 2020 Q1 751 937 #, NSA Quarterly
Residential Building Permits 2020 Q1 1,351 1,512 #, NSA Quarterly
Dwelling Stocks 2019 3,970,719 3,959,285 # Annual

Release Information

The House Price Index is a quarterly indicator that measures changes in the dwellings transactions prices that households acquire on the market. This includes newly built and alredy existing households. 

HPI is based on a quarterly survey, "House price indices". The surveys are created using a sample of businesses or companies with main economic activity in real estate (e.g. real estate agencies). The sampling is performed annually. HPIs weights are mainly calculated by The Property Register of the Registry Agency.

The HPI has two sub-indices:

  • HPI of new dwellings
  • HPI of existing dwellings

The three units used are index, quarterly rate (percentage change compared to previous quarter), and annual rate (percentage change compared to previous year).To be included in HPI the payment can be both cash or mortgage and the final use of the house does not matter (e.g. rented out houses would be included).

The data is first released in a preliminary stage and is usually confirmed or revised in the following quarter. The data may be revised for mistakes, new or improved information, and methodological improvements. 

For more information please refer to the source