Text size

Housing market in Bulgaria sees deals with real estate stagnant for years

published on 10/5/21 5:46 PM

Photo: BNR

Properties that have been "stagnant" on the Bulgarian real estate market for 8-10 years due to high prices demanded by the owners are now subject to transactions. Housing prices continue to rise, and the segment of houses near major cities remains active, Dnevnik daily writes, citing data from a real estate agency.

Prices continue to rise due to the activity of buyers. The reason is not only the low levels of loans, but also the progress of inflation, according to experts in the company. According to them, it is possible to stabilize prices soon.

"It is only in the last two months that we have seen a slowdown in the rise. This may be a sign that the steady growth will soon stop, but it is still too early to say whether this is a sustainable trend or a temporary phenomenon," the agency said.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News housing market prices property real estate real estate market

More from category

Weather forecast: Temperatures continue to drop

Over the next 24 hours the weather will continue cloudy, with rain mostly in the Southwestern half of the country and sleet in high plains. The precipitation over Mounts Rila and the Rhodopes will be considerable. There will be a moderate, in..

published on 11/30/24 6:15 PM

A Kilogram of Kindness collects food for people in need

The Bulgarian Food Bank’s Kilogram of Kindness food drive, is collecting food for the needy for the 12th consecutive time. Four to seven tons of food with a longer shelf lifeis expected to be collected – such as rice, lentils,..

published on 11/30/24 4:44 PM

Eurobarometer: Bulgarians’ trust in the EU is a little over the average for the Union

A Eurobarometer survey has registered the highest level of trust in the European Union since 2007 and the highest level of support ever for the common currency, the euro, both in the EU as a whole (74%) and in the euro area (81%). In Bulgaria,..

published on 11/30/24 4:30 PM