Bulgaria Nears Euro Adoption, Says European Parliament President
The President of the European Parliament, Roberta Metsola, highlighted Bulgaria's progress toward adopting the euro as its primary currency, describing it as "one step away"
Bulgaria is the EU leader in spending public funds in the area of public housing and public amenities. This takes into account Eurostat's analysis of "Housing Policy in the EU" in 2015, quoted by BTA.
Our country has the highest total EU spending on housing rehabilitation and public amenities at 2.1 per cent of GDP. Of these, "housing" in Bulgaria amounts to 1.1 percent of GDP in 2015, Eurostat data show.
To date, over 4,500 energy efficiency certificates have been issued after renovation of residential buildings rehabilitated under the national energy efficiency program. New state funding for rehabilitation may happen in 2019.
In the future, the program is scheduled to continue with co-financing by the participants, and new state funding is expected in 2019. In 2018, the ongoing projects will be completed.
The cost of housing in Bulgaria has surged dramatically in recent years
Rents in Sofia, Varna, and Burgas are seeing significant growth, but they remain among the most affordable in Europe
If Bulgaria adopts the euro in July 2025, property prices are expected to rise further
In the third quarter of 2024, housing prices in Bulgaria saw a notable rise of 16.5% compared to the same period last year
The real estate market in Sofia remains robust as the year draws to a close
Housing affordability in Sofia has improved since the pandemic, making it one of the few capitals in Central and Eastern Europe (CEE) to experience this positive trend
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability