The real estate market in Bulgaria has started to recover after it came to a standstill due to the coronavirus pandemic. The property prices are expected to fall. However, prices of high-quality properties at good locations will not decrease. Interest in suburban houses has resumed. Buyers also show interest in holiday properties along the Black Sea coast and in the Bulgarian mountains. The prices of the properties sold in the last two months were 5%-10% lower as compared to the price levels registered before the crisis. The building companies demand 10%-20% of the total property price in advance when deals are signed prior to construction, an online discussion of National Real Estate Association, summarized by Dnevnik daily, shows.
The full accession of Bulgaria and Romania to the Schengen area is strengthening the European Union's economy significantly. This is stated in a report by the European Commission on the state of the border-free zone, presented today. The report..
A strong earthquake with a magnitude of 6.2 shook Istanbul at 12.49 local time and was felt to varying degrees across Bulgaria, BTA reported, citing the National Seismological Centre at the National Institute of Geophysics, Geodesy and Geography at the..
The INSAIT Institute at the University of Sofia has released its first language model in a foreign language. MamayLM was created for the Ukrainian state and is the most powerful Ukrainian language model to date, according to the Ministry of Education...
A strong earthquake with a magnitude of 6.2 shook Istanbul at 12.49 local time and was felt to varying degrees across Bulgaria, BTA reported, citing the..
The full accession of Bulgaria and Romania to the Schengen area is strengthening the European Union's economy significantly. This is stated in a report..
On January 1, 2026, Bulgaria will take over the presidency of the Danube Strategy for the second time (after 2018) . This is happening at a..
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