House prices in Bulgaria decreased by -23% in the first half of 2009 compared to the same period in 2008, according to real estate company Address, quoted by Bulgarian National Radio.

The company believes that prices will continue to drop until the end of the year. There are towns in which properties were dramatically overpriced and prices were going down by about -30%.

For instance, in quarters of Sofia such as Lyulin, Druzba and Obelya, it was already possible to buy a flat for about € 30,000, according to Address.