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
Real estate property in Bulgaria is the most sought after by Russian buyers, according to data of the Russian company MIEL’ Distant Property Management.
The company, whose portfolio includes real estate offers in 20 countries, has released data saying that in the third quarter of 2009 25% of all inquiries it received were for properties in Bulgaria, Interfax reported.
This ranks Bulgaria first as an investment destination for Russian buyers, followed by Turkey with 17% and Spain with 13%.
What is more, the company says all of its Russian clients who considered buying real estate property in Bulgaria actually bought it.
MIEL’ DPM explains that Bulgaria is attracting buyers with the affordable prices, the decent quality of real estate, the variety of offers, and the simplified purchase procedure.
70% of those Russians looking for property in Spain have also managed to find what they want which places Spain second after Bulgaria on that criteria.
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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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