According to forecasts by industry representatives, the introduction of the euro is expected to impact property prices in Bulgaria. Some predict price increases of between 9% and 15%, particularly in major cities.
'The introduction of the euro will affect property prices in Bulgaria, but this will only be a temporary effect,' said Ivan Velkov, chairman of the Management Board of the Bulgarian Association for Facility Management. He believes that it is precisely because of the euro that the domestic market is attracting foreign investors, albeit temporarily. He thinks that the cost of high-quality goods and services, including real estate, will continue to rise as a result.
Real estate brokers report that a construction boom is underway not only in Sofia, but also in nearly all other major cities, including Varna, Burgas and Plovdiv. However, experts interviewed by BNR reporter Svetoslava Kuzmanova warn that the pace is likely to slow, as much of the available land for new developments is already being exhausted.
On Friday , the lowest temperatures will be between 18 to 25°C. In Sofia it will be 20°C. During the day it will be sunny and hot again. There will be light wind, mainly from the east. The highest temperatures will be between 36 and..
“We Continue the Change – Democratic Bulgaria”, “Alliance for Rights and Freedoms” and MECH have submitted a request to the Speaker of the National Assembly Natalia Kiselova to convene an extraordinary plenary session to consider the..
The contingent of the NATO Stabilization Force in Kosovo has been welcomed with a solemn ceremony in Blagoevgrad, BTA reports. In his welcome address, Defense Minister Atanas Zapryanov congratulated the servicemen on the successful..
The National Assembly adopted a declaration condemning the ongoing war against Ukraine and the political repression of Vladimir Putin's regime with 112..
Bulgaria’s National Assembly has passed, at second reading, amendments to the Road Traffic Act. Municipal cameras and those from the national toll..
Bulgaria has resubmitted its second request for payment under the National Recovery and Resilience Plan (NRRP), amounting to EUR 653 million. The..
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