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
Impoverished foreign citizens have started to sell the properties they recently bought along Bulgaria's Black Sea coast.
Because of the economic crisis that has affected them, Brits, Germans and Scandinavians have begun to list their holiday homes for sale at what is described as "scandalously low prices" by the real estate agencies in Bulgaria's Black Sea city of Burgas, cited by BGNES.
For instance, a studio apartment in the town of Sozopol bought for EUR 90 000 in 2008 is now on sale for EUR 40-50 000. A two-storey house in the city of Burgas can be bought for about EUR 50 000, which is a substantial decrease from last year's prices.
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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
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
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