In terms of house prices in 2025, the association forecasts that the current growth trend will continue, with an increase of 10 per cent or just over 10 per cent year-on-year. According to the Real Estate National Association, the stagnant market is due to the uncertainty surrounding the country's accession to the eurozone. It is expected that there will be price increases after Bulgaria's entry into the eurozone, but if it is delayed it is more likely that the market will remain at the same levels.
The trend towards buying larger properties is continuing, especially in Sofia, in areas suitable for families with children. Around higher education institutions and business parks, young people working and studying in these areas are looking for smaller homes. Investors who want to buy properties to rent them out also prefer smaller properties in these neighbourhoods.
Homebuyers in the country are creditworthy, around 35-40 years old, young enough to be able to get a loan for a longer period than 30 years. They have secure incomes and can service their loans. Some of them also have already accumulated savings which they can afford to buy the property they want with their personal funds.
Today, on Holy Saturday, which is the last day of Holy Week preceding Easter, Christians commemorate the burial of Jesus Christ and his descent into hell to break its chains and reopen the gates of heaven for people. The Divine..
For the first time, a unique collection of Western European textile panels (tapestries) is on display at the National Gallery – Square 500. The exhibits were added to the collection in the 1960s by the Bulgarian National Bank as part of the..
Tonight, the cloud cover will be significant, with rain expected in parts of the western half of the country—more substantial in the central regions. The lowest temperatures will range between 6°C and 11°C, around 9°C in Sofia. On Saturday,..
Together with PM Rosen Zhelyazkov we discussed the EU plan for a new Black Sea strategy which the European Commission will present soon, announced EU..
In an interview with public service TV BNT, Commissioner for Enlargement Marta Kos, who is on a working visit to Bulgaria, stated that Ukraine and the..
Blind ultrarunner Victor Asenov has officially become part of the Everesting Hall of Fame, Sportal.bg reports. Between March 21 and 23, the..
+359 2 9336 661