Bulgaria's Housing Market: Prices Continue to Rise as Demand Outpaces Supply
Real estate prices in Bulgaria continue to climb, according to property brokers
Some 11 million homes lie empty across Europe, according to figures collated by the Guardian from across the EU.
In Spain more than 3.4 million homes are vacant, the numbers are 2 million for both France and Italy, 1.8 million in Germany and more than 700,000 in the UK.
There are also large numbers of vacant homes in Ireland, Greece, Portugal among others, according to information collated by the Guardian.
Many of the homes were built in holiday resorts during the housing boom prior to the 2007-2008 financial crisis.
Most of Europe's empty homes are in Spain. The latest Spanish census indicated that more than 3.4 million homes, that is 14% of all properties, were vacant. The number of empty homes has increased by more than 10 percent in the past 10 years, the Guardian informs.
In Portugal there are 735,000 vacant properties – a 35% increase since 2001. An estimated 300,000 homes are empty in Greece and 400,000 in Ireland.
Last month members of European Parliament passed a resolution demanding the European Commission develop an EU homelessness strategy without any further delay.
Over the past decade, residential property prices in Sofia, Bulgaria, have surged by 200%, rising from an average of €715 per square meter in 2015 to more than €2,100 at the beginning of 2025
Bulgaria's real estate market has seen a notable uptick since the beginning of 2025, with housing prices increasing by approximately 6%
Over 70% of property transactions in Bulgaria over the last decade have been made in cash
Bulgarians rank among the leading buyers of real estate in Northern Greece
Property prices in Bulgaria have risen by approximately 6% since the beginning of 2025
Real estate prices in Bulgaria continue to climb, according to property brokers
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