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 Saturday, it will be sunny and even hotter. In the afternoon, clouds will form over the mountainous regions of Western Bulgaria, and by the evening, also in the northwestern areas. Isolated thunderstorms and rain showers are expected in some..
The flaws in the Constitution, admitted by the government of the GERB-SDS and PP-DB coalition with the support of the DPS in 2023, were not removed by the Constitutional Court. That is how President Rumen Radev commented on the fact that yesterday the..
The most affected country by fires for 2024-2025 in the European Union is Bulgaria, the Ministry of Environment and Water has reported. Over the past two years, this country has reported an alarming trend: 38,000 sq. m. have been affected by fires and..
A Moroccan national was shot while illegally crossing the Bulgarian-Turkish border near the village of Zvezdets, Chief Commissioner Anton Zlatanov,..
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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