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 momentum in Bulgaria's real estate boom continues despite the financial crisis with the number of newly constructed residential buildings marking a 24% increase in the second quarter of the year, official data shows.
A total of 5 888 new apartments have appeared on the market in the period April-June, which is up by 51% over the first quarter of the year.
The coastal cities of Varna and Burgas lead the ranking with 1 600 and 1000 new apartments respectively. The capital comes in third with no more than 549 newly-built flats, located in 35 residential buildings.
Nationwide, the construction of residential buildings in the second quarter of the year gained 7% over the same period last year.
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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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