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.
Three Bulgarian companies have been sanctioned by the US for enabling the Russian military industry. According to the US Department of State and the Department of the Treasury, they shipped aviation components and other items used by Russia to..
The Third National Meeting of Essential Oil Distillers in Bulgaria will be held today at the Inter Expo Center in Sofia. The forum is organized by ''Distilled in Bulgaria'' Association, reported BTA. The sector is facing significant challenges globally...
On October 31, we celebrate the International Black Sea Day. It aims to draw public attention to the problems of the sea and the ways to protect it, to ensure a better future for 16 million people from six countries living along the Black Sea coast...
“We are going to take part in talks with GERB, but if they intend to get Delyan Peevski in through the front door we’re out,” said MEP Ilhan Kyuchuk..
At a briefing , We Continue the Change/Democratic Bulgaria (PP/DB), which will likely be the second political force in parliament, urged all..
There will be scattered clouds on Wednesday. The cloudiness will be more significant in the central regions of Bulgaria and in some..
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