Bulgarian Properties

Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone. The bustling market in Sofia, Bulgaria's capital, kicked off 2023 with a noticeable decline in transactions, hovering around 14%.

In 2019 the real estate market in Bulgaria's capital Sofia is stable and housing prices have seen insignificant changes, the analysts of the leading real estate company Bulgarian Properties note, BNR reported.

Prices of real estate property in Sofia have gone up by EUR 100 per sq m since the beginning of the year until October, announced Polina Stoykova, Executive Director of Bulgarian Properties.

According to data of the agency, prices of real estate have increased to EUR 900 per sq m in the third quarter, compared to EUR 800 per sq m in the beginning of the year.

A significant rise in sales, a sustained upward trend in prices and great interest in newly built homes have marked a strong start to the housing property market in Sofia in the first quarter of 2016, a Bulgarian real estate agency has said.