Increase in Israeli Tourists Expected in Bulgaria After Gaza Ceasefire
Israeli Ambassador to Bulgaria Yossi Levi-Sfari expects an increase in Israeli tourists to Bulgaria following the recent Gaza ceasefire
In the latest Eurostat data disclosed on Thursday, it's been unveiled that a significant 85% of Bulgarians resided in households owning their homes in the year 2022, marking a slight increase from the preceding year's 84.9%. This statistic presents an intriguing aspect of the housing landscape in the country.
The survey highlights that Bulgaria joins the league of several Eastern European nations showcasing robust rates of home ownership. Romania stands out at the top, recording an impressive 95% of its population residing in household-owned homes. This trend is followed by Slovakia (93%), Croatia (91%), Hungary (90%), Lithuania (88.6%), and Poland (87.4%), according to Eurostat's findings.
Conversely, Germany emerges as a distinct outlier in the EU, with the majority of its population—53%—preferring to rent accommodation.
The European Union as a whole reveals a different homeownership landscape, with 69% of its population living in households owning their homes, while the remaining 31% opt for rented housing, as per Eurostat's comprehensive analysis.
This Eurostat data sheds light on the diversified housing preferences across the European landscape, emphasizing the varying trends in homeownership and rental habits among different nations.
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
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