LUNAR Festival 2024: Illuminating Sofia's Nightscape Once Again
Sofia's Lunar Festival of Lights is back, illuminating the city with more than 20 captivating light installations across its most iconic landmarks.
The recovery of the real estate market in Bulgaria will not be as steady as initially expected, local brokers say, judging by the mixed signals that the market sent in the first quarter.
“The fall in prices is no news anymore, but this proved insufficient to calm down the market. Lack of clarity and determination is the only clear trend in the first quarter,” Sofia-based real estate company Address said in a survey released on Thursday.
With the onset of the crisis, the activity on the market, which reached its peak in September 2007, dried up and many of the projects ended up frozen, the report says.
Buyers are unwilling to buy residential buildings, whose construction is not completed yet, which gives an advantage to the apartments on the so-called “second-hand market”.
The average price of apartments sold in Sofia in the first quarter ranged between EUR 470 -1062 per square meter, 11.46% up from the previous quarter.
Rents in Sofia measured an average EUR 250per month for a two-bedroom apartment in the first quarter of 2010.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
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
This information was shared during the presentation of data on the current state of the market to journalists
Russia has issued a stern warning in response to Bulgaria's recent legislative efforts aimed at seizing Russian real estate
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022