Radev to Skopje: Stop Blaming Bulgaria, Deliver on EU Reforms
President Rumen Radev has urged North Macedonia to stop blaming Bulgaria for delays in its path toward EU membership
A recent analysis from the European Institute of Trade Unions, highlighted by the European Confederation of Trade Unions, reveals that low-wage earners in most EU countries spend at least a third of their monthly income on rent. This data comes just before Dan Jørgensen’s hearing in the European Parliament, where he will be considered for the role of the EU's first housing commissioner. Jørgensen, if appointed, will be tasked with implementing an "affordable housing plan," a priority set out by European Commission President Ursula von der Leyen.
According to the analysis, workers on the minimum wage in 14 EU countries typically spend 35% or more of their income on renting a property with up to two bedrooms. In some cases, housing costs are even higher. For instance, in the Netherlands, Ireland, and Luxembourg, low-wage workers spend roughly half of their income on rent, while in eight other member states, rent absorbs 40% or more of their paychecks.
In Bulgaria, minimum wage earners spend an average of 45% of their income on rent. This figure is based on national averages, and actual rent costs may be even higher in cities where job opportunities are concentrated. The situation reflects a broader trend across the EU, where rental costs have surged by as much as 200% over recent years, according to Eurostat data. In response to these pressures, many Europeans have resorted to cutting back on essential spending, including food, to afford their rent or mortgage payments.
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
Over the past decade, residential property prices in Sofia, Bulgaria, have surged by 200%, rising from an average of €715 per square meter in 2015 to more than €2,100 at the beginning of 2025
Bulgaria's real estate market has seen a notable uptick since the beginning of 2025, with housing prices increasing by approximately 6%
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