In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate transactions going up as well.
“One feature of the Bulgarian market is that banks have a more limited effect than they do in Western Europe,” says Yordan Yordanov, managing director of a real estate agency, BNR’s Natalia Ganchovska reports. “According to official data, over the past 10 years, only 27 out of 100 transactions have involved taking out a mortgage loan, the rest have taken place using ready money, which is indicative of the specific structure of the Bulgarian market. Unlike Bulgaria, in countries like Germany, the UK, the US, Canada and other countries, 80-90% of all transactions make use of mortgage loans,” Yordan Yordanov says.
According to Bulgarian National Bank data, interest on home loans in Bulgaria is among the lowest in Europe, ranging from 2.1% to 3.6%.
In the first quarter of 2025, the average quarterly total income per household member in Bulgaria was BGN 3,271 (€1,672), marking a 15.2% increase compared to the same period in 2024. This data comes from the Household Budget Survey by the National..
Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member States, according to NSI data. In February, exports of goods from this country to the EU decreased by..
The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..
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