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.
The Central Election Commission has announced the final distribution of seats in the 51 st National Assembly after the early election for parliament held in Bulgaria on 27 October. Eight parties enter parliament, Kamelia Neykova, chair of the..
On Thursday morning visibility will be diminished in some valleys and parts of the lowlands. Along the Danube there will be fog. Minimum temperatures 4-9° C., for Sofia 5° C. During the day there will be sun. Daytime highs will reach 17-22° C.,..
"Bulgargaz" has proposed to the Energy and Water Regulatory Commission that the price of natural gas for November should be 7.5% higher or 35.02 EUR per megawatt hour. In comparison, the price at which gas is sold in October is 32.58 EUR...
“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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