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.
It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of the German-Bulgarian Chamber of Industry and Commerce. At a ceremony held at the University of..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a..
Значителна облачност със сняг
Rain / Snow
Snow
Wet snow