Bulgaria Nears Completion of Leva Withdrawal as 81% Taken Out of Circulation
As of February 6, 2026, Bulgaria continues to make steady progress in withdrawing the national currency, the leva, from circulation.
Photo: Stella Ivanova
In 2023, around 4.9 percent of residents aged 16 and older in the European Union reported experiencing housing difficulties, defined as lacking a permanent home and relying on temporary accommodation. This data was released by Eurostat, highlighting a significant disparity among those at risk of poverty or social exclusion, with 8.5 percent experiencing similar issues. Conversely, only 3.9 percent of individuals not at risk of poverty reported facing housing challenges.
Bulgaria ranks fifth among EU nations with the lowest percentage of its population facing housing difficulties, with only 1.5 percent reporting such issues last year. This places Bulgaria after Slovakia (1.3 percent), Italy (1.2 percent), and Poland and Hungary (both at 0.8 percent). In stark contrast, Cyprus (11.2 percent), Finland (10.8 percent), and Denmark (9.4 percent) have the highest rates of housing difficulties.
Among those at risk of poverty or social exclusion, Denmark leads with 18.4 percent experiencing housing difficulties, followed by Finland at 17.5 percent and France at 17.1 percent. On the other hand, Poland (1.9 percent), Italy (2 percent), and Hungary (2.1 percent) report the lowest rates for this group.
The age groups of 16-29 and 30-54 reported the highest levels of rent payment difficulties, at 14.8 percent and 14.7 percent, respectively. In contrast, the percentage declines for the 55-64 age group (12.8 percent) and those aged 65 and above (6.7 percent).
The findings indicate that individuals at risk of poverty or social exclusion across all age groups struggle with rent affordability, although this issue diminishes with age. For those in the 30-54 age group at risk of poverty or social exclusion, 27.7 percent reported difficulties in affording rent. This is followed by 24 percent in the 55-64 age range and 22.1 percent among those aged 16-29. The lowest proportion, at 12.9 percent, was found in the 65 and older category.
Two-room dwellings make up the largest portion of newly built homes in Bulgaria, according to data for the fourth quarter of 2025.
In 2024, about 68% of households across the European Union were owner-occupied, a slight decline from 69% in 2023, according to Eurostat data. The remaining 32% of the EU population lived in rented homes, up from 31% the previous year.
Bulgaria is facing a sharp rise in construction material costs, which experts warn will drive property prices higher. Svetoslav Zhekov, chairman of the Chamber of Builders in Varna
As Bulgaria enters its first full year in the eurozone, the real estate market in Sofia begins 2026 with a shift from rapid, speculative growth to more stable, needs-driven demand.
Choosing between renting and buying a home is a decision that goes far beyond personal preference.
Bulgaria is entering a new phase in its housing market, with analysts predicting the end of the “panic” buying that fueled double-digit price increases in 2024 and 2025.
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