Bulgaria Housing Market Activity
Last updated:
Source: ECB MIR monthly new housing loans adjusted with Eurostat total dwelling house price index, and Eurostat residential building permit data; mortgage series smoothed with a 3-month moving average before rebasing and weighting.
Source description: Monthly Bulgaria housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.
Table ID: macro_economics/housing/europe_housing_market_activity_monthly
Key findings:
- Bulgaria housing activity remains strong, indexed at 207.8, indicating robust housing-linked demand versus 2019.
- Housing activity shows firm levels, with recent improvements suggesting easing pressure in the market.
- Construction permits, expanded to monthly data, support a strong housing demand signal in 2025.
Latest data:
| date | value |
|---|---|
| 2025-01-01 | 170.13 |
| 2025-02-01 | 165.71 |
| 2025-03-01 | 164.94 |
| 2025-04-01 | 169.25 |
| 2025-05-01 | 174.29 |
| 2025-06-01 | 184.25 |
| 2025-07-01 | 194.19 |
| 2025-08-01 | 197.55 |
| 2025-09-01 | 187.96 |
| 2025-10-01 | 195.2 |
| 2025-11-01 | 194.13 |
| 2025-12-01 | 207.85 |
Methodology: Housing Market Activity Methodology
Bulgaria Housing Market Activity measures the residential backdrop for Bulgaria's furniture market by combining house-price-adjusted new mortgage lending with residential building permits. The indicator provides a practical signal for housing-linked furniture demand, including furnishing for new homes, apartment moves and renovation projects.
Market Context
Bulgaria's furniture industry serves both local consumers and export customers, so a housing indicator helps isolate the domestic demand signal from production and trade data. It is especially useful when analysing furniture consumption, furniture retail conditions and market size alongside household confidence.
The indicator should be read with Bulgaria Furniture Consumer Market Size, production turnover, imports, exports and consumer confidence. The building-permit component uses quarterly Eurostat data expanded into a monthly signal, while the mortgage component is adjusted with the total dwelling house price index; BGN/EUR exchange-rate movement is not treated as a driver because the lev is pegged to the euro.
