The residential real estate market in Sofia in the second quarter of 2024 remains stable and active. Despite forecasts for a possible lull, the trends show a rise in prices and a significant increase in demand. This is shown by an analysis of one of the largest real estate agencies in Bulgaria, quoted by Bloomberg TV.
According to NSI data, in the first quarter of 2024, a record growth of 16% was observed in housing prices in the country. Compared to the fourth quarter of 2023, the rise is of about 7%. The reasons for the price increase are related to increased demand. After a certain withdrawal of buyers from the market in anticipation of a drop in prices, they are now actively looking for properties again, worried about possible price rise after the introduction of the euro in Bulgaria. In addition, rising wages and low mortgage rates are also contributing to increased demand.
Two-room and three-room apartments are most wanted. Average prices vary between 1,800 and 2,000 euros per square meter, reaching up to 3,000 euros per square meter in the center of the capital city.The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..
+359 2 9336 661