{
  "id": "macro_economics/housing/bg_housing_market_activity_monthly",
  "generated_at": "2026-06-13T09:25:57.245909+00:00",
  "last_refresh": "2026-06-13",
  "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 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100.",
  "table_id": "macro_economics/housing/bg_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Bulgaria housing market activity",
    "indicator_description": "Monthly Bulgaria housing market activity indicator based on a weighted combination of 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Bulgaria housing market activity",
    "description": "Monthly Bulgaria housing market activity indicator based on a weighted combination of 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "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 3-month smoothed new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "visibility": "public",
    "updated_at": "2026-06-13T09:15:18.922745Z",
    "last_refresh": "2026-06-13",
    "table_id": "macro_economics/housing/bg_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "BG"
    ],
    "geo_included": [
      "BG"
    ],
    "page_slug": "bulgaria-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/bulgaria-housing-market-activity/",
    "chart_type": "line",
    "series_type": "single",
    "frequency": "monthly",
    "units": "Index (2019 = 100)",
    "legend": false,
    "featured_topic": false,
    "featured_subtopic": false,
    "featured_rank_topic": null,
    "featured_rank_subtopic": null,
    "chart_title": "Bulgaria Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Bulgaria Furniture Consumer Market Size",
        "url": "/indicators/retail/market-size/bulgaria-furniture-consumer-market-size/",
        "label": "Market size"
      },
      {
        "title": "Bulgaria Furniture Production Market Size",
        "url": "/indicators/industry/market-size/bulgaria-furniture-production-turnover/",
        "label": "Industry"
      },
      {
        "title": "Bulgaria Consumer Confidence",
        "url": "/indicators/macroeconomics/consumer-sentiment/bulgaria-consumer-confidence/",
        "label": "Sentiment"
      },
      {
        "title": "Bulgaria Furniture Exports by Year",
        "url": "/indicators/industry/trade/bulgaria-furniture-exports/",
        "label": "Trade"
      }
    ],
    "taxonomy_path": [
      "macroeconomics",
      "housing",
      "market-activity"
    ],
    "taxonomy_labels": [
      "Macroeconomics",
      "Housing",
      "Market activity"
    ],
    "taxonomy_nodes": [
      {
        "id": "macroeconomics",
        "label": "Macroeconomics",
        "has_page": true,
        "sort_order": 30
      },
      {
        "id": "housing",
        "label": "Housing",
        "has_page": true,
        "sort_order": 20
      },
      {
        "id": "market-activity",
        "label": "Market activity",
        "has_page": false,
        "sort_order": 10
      }
    ],
    "taxonomy_page_path": [
      "macroeconomics",
      "housing"
    ],
    "taxonomy_page_labels": [
      "Macroeconomics",
      "Housing"
    ],
    "taxonomy_collection": "market-activity",
    "taxonomy_collection_label": "Market activity",
    "entity": {
      "type": "country",
      "geo": [
        "BG"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "cfed2b8fc7b53be0ed0882b2347e32e629393664be5489ffc797dde6cc98de23",
    "trend_summary": "The Bulgaria Housing Market Activity indicator shows a significant upward trend from its trough of 81.7 in October 2017 to a peak of 207.9 in December 2025. The index has steadily increased over the years, with notable growth phases, particularly from 2021 onwards, where annual averages rose from 127.7 in 2021 to 183.8 in 2025. The latest level of 207.9 is the highest recorded, indicating strong market activity. Recent momentum is positive, with year-over-year increases of 25.3% over three months, 22.1% over six months, and 14.2% over twelve months, suggesting continued growth.",
    "trend_summary_generated_at": "2026-06-13T09:26:01.781855+00:00",
    "key_findings": [
      "Bulgaria's housing activity index at 207.9 in December 2025 signals strong housing-linked demand versus 2019 baseline.",
      "The index remains robust, suggesting firm housing activity with recent improvements easing market pressure.",
      "Construction permits, expanded to monthly data, indicate steady growth, adding context to housing demand trends."
    ],
    "key_findings_source": "ai_rewrite",
    "key_findings_generated_at": "2026-06-13T09:26:04.468591+00:00",
    "chart_alt_text": "Line chart for Bulgaria Housing Market Activity in index points. The series runs from 2017-08-01 to 2025-12-01; the latest value is 207.9 index points."
  },
  "data": [
    {
      "date": "2017-08-01",
      "geo": "BG",
      "value": 89.37
    },
    {
      "date": "2017-09-01",
      "geo": "BG",
      "value": 82.44
    },
    {
      "date": "2017-10-01",
      "geo": "BG",
      "value": 81.7
    },
    {
      "date": "2017-11-01",
      "geo": "BG",
      "value": 83.13
    },
    {
      "date": "2017-12-01",
      "geo": "BG",
      "value": 88.3
    },
    {
      "date": "2018-01-01",
      "geo": "BG",
      "value": 89.12
    },
    {
      "date": "2018-02-01",
      "geo": "BG",
      "value": 83.13
    },
    {
      "date": "2018-03-01",
      "geo": "BG",
      "value": 83.72
    },
    {
      "date": "2018-04-01",
      "geo": "BG",
      "value": 87.54
    },
    {
      "date": "2018-05-01",
      "geo": "BG",
      "value": 91.08
    },
    {
      "date": "2018-06-01",
      "geo": "BG",
      "value": 91.44
    },
    {
      "date": "2018-07-01",
      "geo": "BG",
      "value": 96.04
    },
    {
      "date": "2018-08-01",
      "geo": "BG",
      "value": 97.91
    },
    {
      "date": "2018-09-01",
      "geo": "BG",
      "value": 93.82
    },
    {
      "date": "2018-10-01",
      "geo": "BG",
      "value": 105.28
    },
    {
      "date": "2018-11-01",
      "geo": "BG",
      "value": 106.5
    },
    {
      "date": "2018-12-01",
      "geo": "BG",
      "value": 111.15
    },
    {
      "date": "2019-01-01",
      "geo": "BG",
      "value": 98.09
    },
    {
      "date": "2019-02-01",
      "geo": "BG",
      "value": 93.1
    },
    {
      "date": "2019-03-01",
      "geo": "BG",
      "value": 93.83
    },
    {
      "date": "2019-04-01",
      "geo": "BG",
      "value": 96.13
    },
    {
      "date": "2019-05-01",
      "geo": "BG",
      "value": 100.2
    },
    {
      "date": "2019-06-01",
      "geo": "BG",
      "value": 99.66
    },
    {
      "date": "2019-07-01",
      "geo": "BG",
      "value": 103.82
    },
    {
      "date": "2019-08-01",
      "geo": "BG",
      "value": 105.76
    },
    {
      "date": "2019-09-01",
      "geo": "BG",
      "value": 104.92
    },
    {
      "date": "2019-10-01",
      "geo": "BG",
      "value": 98.92
    },
    {
      "date": "2019-11-01",
      "geo": "BG",
      "value": 99.66
    },
    {
      "date": "2019-12-01",
      "geo": "BG",
      "value": 105.9
    },
    {
      "date": "2020-01-01",
      "geo": "BG",
      "value": 103.74
    },
    {
      "date": "2020-02-01",
      "geo": "BG",
      "value": 105.01
    },
    {
      "date": "2020-03-01",
      "geo": "BG",
      "value": 102.23
    },
    {
      "date": "2020-04-01",
      "geo": "BG",
      "value": 97.04
    },
    {
      "date": "2020-05-01",
      "geo": "BG",
      "value": 86.94
    },
    {
      "date": "2020-06-01",
      "geo": "BG",
      "value": 85.57
    },
    {
      "date": "2020-07-01",
      "geo": "BG",
      "value": 92.87
    },
    {
      "date": "2020-08-01",
      "geo": "BG",
      "value": 100.57
    },
    {
      "date": "2020-09-01",
      "geo": "BG",
      "value": 101.81
    },
    {
      "date": "2020-10-01",
      "geo": "BG",
      "value": 109.09
    },
    {
      "date": "2020-11-01",
      "geo": "BG",
      "value": 113.21
    },
    {
      "date": "2020-12-01",
      "geo": "BG",
      "value": 118.49
    },
    {
      "date": "2021-01-01",
      "geo": "BG",
      "value": 116.0
    },
    {
      "date": "2021-02-01",
      "geo": "BG",
      "value": 110.59
    },
    {
      "date": "2021-03-01",
      "geo": "BG",
      "value": 109.82
    },
    {
      "date": "2021-04-01",
      "geo": "BG",
      "value": 120.87
    },
    {
      "date": "2021-05-01",
      "geo": "BG",
      "value": 125.22
    },
    {
      "date": "2021-06-01",
      "geo": "BG",
      "value": 131.98
    },
    {
      "date": "2021-07-01",
      "geo": "BG",
      "value": 127.33
    },
    {
      "date": "2021-08-01",
      "geo": "BG",
      "value": 133.94
    },
    {
      "date": "2021-09-01",
      "geo": "BG",
      "value": 127.85
    },
    {
      "date": "2021-10-01",
      "geo": "BG",
      "value": 137.64
    },
    {
      "date": "2021-11-01",
      "geo": "BG",
      "value": 140.89
    },
    {
      "date": "2021-12-01",
      "geo": "BG",
      "value": 150.14
    },
    {
      "date": "2022-01-01",
      "geo": "BG",
      "value": 144.43
    },
    {
      "date": "2022-02-01",
      "geo": "BG",
      "value": 137.16
    },
    {
      "date": "2022-03-01",
      "geo": "BG",
      "value": 136.07
    },
    {
      "date": "2022-04-01",
      "geo": "BG",
      "value": 154.78
    },
    {
      "date": "2022-05-01",
      "geo": "BG",
      "value": 158.67
    },
    {
      "date": "2022-06-01",
      "geo": "BG",
      "value": 159.02
    },
    {
      "date": "2022-07-01",
      "geo": "BG",
      "value": 156.67
    },
    {
      "date": "2022-08-01",
      "geo": "BG",
      "value": 158.53
    },
    {
      "date": "2022-09-01",
      "geo": "BG",
      "value": 151.52
    },
    {
      "date": "2022-10-01",
      "geo": "BG",
      "value": 134.25
    },
    {
      "date": "2022-11-01",
      "geo": "BG",
      "value": 135.72
    },
    {
      "date": "2022-12-01",
      "geo": "BG",
      "value": 142.1
    },
    {
      "date": "2023-01-01",
      "geo": "BG",
      "value": 138.28
    },
    {
      "date": "2023-02-01",
      "geo": "BG",
      "value": 132.09
    },
    {
      "date": "2023-03-01",
      "geo": "BG",
      "value": 131.62
    },
    {
      "date": "2023-04-01",
      "geo": "BG",
      "value": 142.3
    },
    {
      "date": "2023-05-01",
      "geo": "BG",
      "value": 146.86
    },
    {
      "date": "2023-06-01",
      "geo": "BG",
      "value": 151.26
    },
    {
      "date": "2023-07-01",
      "geo": "BG",
      "value": 146.4
    },
    {
      "date": "2023-08-01",
      "geo": "BG",
      "value": 149.96
    },
    {
      "date": "2023-09-01",
      "geo": "BG",
      "value": 139.72
    },
    {
      "date": "2023-10-01",
      "geo": "BG",
      "value": 164.71
    },
    {
      "date": "2023-11-01",
      "geo": "BG",
      "value": 169.31
    },
    {
      "date": "2023-12-01",
      "geo": "BG",
      "value": 179.61
    },
    {
      "date": "2024-01-01",
      "geo": "BG",
      "value": 161.78
    },
    {
      "date": "2024-02-01",
      "geo": "BG",
      "value": 158.55
    },
    {
      "date": "2024-03-01",
      "geo": "BG",
      "value": 157.38
    },
    {
      "date": "2024-04-01",
      "geo": "BG",
      "value": 161.6
    },
    {
      "date": "2024-05-01",
      "geo": "BG",
      "value": 162.12
    },
    {
      "date": "2024-06-01",
      "geo": "BG",
      "value": 166.21
    },
    {
      "date": "2024-07-01",
      "geo": "BG",
      "value": 161.88
    },
    {
      "date": "2024-08-01",
      "geo": "BG",
      "value": 165.49
    },
    {
      "date": "2024-09-01",
      "geo": "BG",
      "value": 159.95
    },
    {
      "date": "2024-10-01",
      "geo": "BG",
      "value": 157.77
    },
    {
      "date": "2024-11-01",
      "geo": "BG",
      "value": 157.32
    },
    {
      "date": "2024-12-01",
      "geo": "BG",
      "value": 161.64
    },
    {
      "date": "2025-01-01",
      "geo": "BG",
      "value": 170.14
    },
    {
      "date": "2025-02-01",
      "geo": "BG",
      "value": 165.71
    },
    {
      "date": "2025-03-01",
      "geo": "BG",
      "value": 164.94
    },
    {
      "date": "2025-04-01",
      "geo": "BG",
      "value": 169.25
    },
    {
      "date": "2025-05-01",
      "geo": "BG",
      "value": 174.29
    },
    {
      "date": "2025-06-01",
      "geo": "BG",
      "value": 184.25
    },
    {
      "date": "2025-07-01",
      "geo": "BG",
      "value": 194.19
    },
    {
      "date": "2025-08-01",
      "geo": "BG",
      "value": 197.56
    },
    {
      "date": "2025-09-01",
      "geo": "BG",
      "value": 187.97
    },
    {
      "date": "2025-10-01",
      "geo": "BG",
      "value": 195.2
    },
    {
      "date": "2025-11-01",
      "geo": "BG",
      "value": 194.14
    },
    {
      "date": "2025-12-01",
      "geo": "BG",
      "value": 207.86
    }
  ]
}