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Bulgaria's Minister of Investment Planning Ivan Danov. Photo: BGNES
The average Bulgarian household hast to give its entire 7-year income to buy a 75 sq/m home, while the other Europeans need between 2.5 and 4 yearly incomes, shows a 2012 survey.
It was presented by the Minister of Investment Planning Ivan Danov.
According to him, Bulgaria has the least social housing in the EU and his ministry will work for the increase of the number of such homes.
Danov's ministry will develop a plan for easing the access to homes of low income families by increasing the number of residential buildings.
According to him, the project will require the cooperation between the state and the business. The state and the municipal authorities will provide lots for free, while the business “will build, manage and maintain the social housing in exchange of certain rights.”
The decision to buy or rent property in Bulgaria's major cities, particularly Sofia, is influenced by various factors, with real estate experts suggesting that buying remains more advantageous than renting in the long term
A recent survey reveals that more businesses are investing in technology to support hybrid work models as employees increasingly seek work closer to home
In Bulgaria, purchasing a 100 sq.m. apartment requires the equivalent of 199 monthly salarie
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
At the end of 2023, household expenses increased by 19.1%, with the majority spent on food - approximately one-third of all expenditures. This is indicated by the data from the National Statistical Institute (NSI).
Recent data released by the National Statistical Institute sheds light on the spending patterns of households in Bulgaria during the third quarter of 2023
On May 20, much of Bulgaria will experience mostly sunny weather, with cumulus clouds building up during the afternoon
In Varna, Ukrainian business leaders and the diaspora have joined forces to create an ethnic mural celebrating the Day of Courage and the Bulgarian Army
Bulgaria continues to hold the highest mortality rate in Europe
Sofia Municipality is implementing a transportation plan for high school graduates and exam supervisors (quæstors) during the state matriculation exams on May 21 and 23, 2025
In the first quarter of 2025, the average quarterly expenditure per person in Bulgarian households reached 2,861 leva
Bulgaria demonstrated its role as a key stabilizer in the regional power grid during the recent energy crisis that struck Southeastern Europe
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase
