Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
The raging wildfires in the Moscow region are said to have a reflection on the demand of Russian buyers for Bulgarian real estate properties.
Residents of Moscow who are extending their stays in Bulgaria as a result of the environmental problems in Russia caused by the forest fires are increasingly eying Bulgarian properties, especially along the Black Sea coast, according to a report of a Bulgarian real estate agency cited by BTA.
The company’s report says that 83% of the Russian-speaking buyers of Bulgarian properties in 2009 came from Moscow.
The Russian customers are said to be paying an average of EUR 50 000 for a Bulgarian home preferring properties close to the beach with pools and potentially a spa center nearby.
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As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
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
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