Bulgaria Property Index 2004 - 2005
May 2005

REMI – Real Estate Market Index for investment activities Bulgaria was established in September 2002. Bulgaria is the first country from Central and Eastern Europe, which established the national Real Estate Index.

REMI in Bulgaria is a professional indicator for investment and business activitiy in the real estate sector. It is published on a quarter basis by the National Real Property Association (NRPA) , which is a principal member of FIABCI (International Real Estate Federation). The Index displays the data from the 157 members of NRPA, which represent approximately 80% of the Bulgarian Property Market.

REMI is public and generally accessible. The Bulgarian and foreign property investors, financial institutions, administration, consultants in the area of real estate etc., can benefit from the information provided by the Real Estate Index.

For the entire 2004, the Real Estate Market Index - SALES has risen with 30.88 points and for the last quarter REMI has increased by 9.5 points. For the period Q1 05 REMI has increased by 16,5 points, which equals to more than 10 %. (Graph 1).