Winter Tourism: 1.8 Million Visit Bulgaria
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Tenants’ rental costs have fallen by at least 10%. The decline is registered countrywide, explained Dobromir Ganev, Chairman of the National Real Estate Association in the "Before All" talk show on BNR
The occupancy rate of the apartments meant for short-term rental for tourism purposes has decreased dramatically, experts report.
Many real estates around universities have also remained empty. Some of the workers in the IT industry who are from other cities have exited this market in Sofia because of their new home office regime and return to their home places.
On the main shopping streets in large cities there are quite a few vacant commercial areas. Everything is explained by the current epidemic situation, commented Dobromir Ganev.
As regards realty sales prices in the fourth quarter of last year, the NSI reported an increase of 8.6% compared to the same period of 2019. For Sofia the increase stands at 11,3% for existing housing and a tad over 4,5% for the new. In Plovdiv, the growth in housing prices was 3.2%.
Ganev confirmed the trend towards relocation from major cities to villages and quieter settlements, where, in his words, people has access to nature friendly environment, more open spaces and healthier life.
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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
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
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"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022