Bulgaria’s Euro Debate: Economist Calls for Addressing Legitimate Public Fears
Economist Georgi Stoev has launched a personal awareness campaign on social media to address concerns about the euro introduction in Bulgaria
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.
Sofia continues to dominate Bulgaria's housing market, securing the top spot for the third consecutive year in the construction of large residential properties.
In Sofia, the majority of home buyers are leaning toward new construction properties
The real estate market in Bulgaria maintained stability and activity during the first quarter of 2025, with strong demand despite a moderate drop in transactions compared to late 2024
Sofia Municipality is set to implement a revised framework for managing its municipal housing stock by introducing two distinct rental categories
Many home buyers in Bulgaria are increasingly favoring newly built properties
The National Real Estate Association has raised concerns regarding the proposed Bill on Real Estate Brokers
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