Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Real estate prices in Bulgaria continue upward trend

Photo: BGNES

Real estate agents warn that the rates at which real estate prices are going up in Bulgaria are outpacing the rise in household incomes, and that this could result in an inability to pay off credits.

Last year the prices of real estate rose by 20%, but in 2022 experts expect the market to calm down and prices to continue to rise by no more than 5%-6%. The new construction market is beginning to get back to normal unless the rise in the prices of building materials continues. Analysts say that if, by mid-2022 interest rates start to rise, that would be the first indication that the price escalation rate will probably slow down.  

Demand remains higher than supply, as interest is mostly in two-room homes for investment, and three or four-room homes for own use. Experts advise buyers to pay attention to the price and to calculate their long-term repayment capacity.  



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Rumen Radev: Medical assistance is a leading factor of morale at the front

“One of the leading factors of motivation and morale of the people fighting at the front is the availability of fast and reliable medical evacuation, as well as of effective and adequate medical assistance and its provision in the immediate vicinity..

published on 10/5/24 2:17 PM
Galin Tsokov

2% of teachers in Bulgaria are working pensioners

“You have the challenging but noble mission to mould knowledgeable, competent and highly responsible individuals, but most of all good and honest people, worthy citizens of the country and of the world,” said Education Minister Galin Tsokov in an..

published on 10/5/24 1:21 PM
Deputy PM and Minister of Finance Lyudmila Petkova

Finance Minister Lyudmila Petkova: We expect to meet inflation criteria for accession to Eurozone by December

In December this year the Ministry of Finance will have covered the last of the criteria for accession to the Eurozone – inflation, said caretaker Deputy PM and Minister of Finance Lyudmila Petkova. Two weeks after fulfilling it, Bulgaria will ask..

published on 10/5/24 10:30 AM