Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Real estate market in Bulgaria freezes at 2023 levels

Photo: BGNES

The real estate market in Bulgaria "froze" at last year's levels. According to the data of the National Association "Real Estate", quoted by BTA, an exception are the big cities, where there is an increase in the number of transactions. By the end of 2024, sales are expected to be between 215,000 and 216,000, as in 2023.

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.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

President launches 22nd edition of "Bulgarian Christmas" charity campaign

President Rumen Radev announced in Dobrich the launch of the 22nd edition of the "Bulgarian Christmas" charity campaign.  The theme of the campaign is "Giving Hope to a Child in Need".  The aim is to raise money for high-tech equipment for early..

published on 12/2/24 1:34 PM
Caretaker Premier Dimitar Glavchev

Premier Glavchev is concerned about the adoption of the budget due to the blocked parliament

''The Eurozone remains a priority, but the caretaker cabinet expects the 51st Parliament to begin its work in order to discuss the state budget'', said caretaker Premier Dimitar Glavchev.  ''Who would have thought that we could get into this situation?..

published on 12/2/24 11:32 AM

Sheep and goat breeders demand the resignation of the management of the Bulgarian Food Safety Agency

"We demand the resignation of the management of the Bulgarian Food Safety Agency for failing to address the problems, specifically the case with the infected sheep in Velingrad, the Co-chairman of the National Sheep and Goat Breeding Association Deyan..

published on 12/2/24 10:29 AM