Rising Prices Hit Seaside Restaurants in Bulgaria This Summer
Prices in seaside restaurants across Bulgaria are rising this year, with a noticeable hike in some popular beachside dishes
Many home buyers in Bulgaria are increasingly favoring newly built properties, according to real estate agents. New construction offers various benefits, including aesthetically pleasing common areas and the use of high-quality, modern materials. These buildings often feature well-planned environments with greenery and contemporary architecture, which appeals to buyers who want both a comfortable home and an attractive surrounding.
Despite the growing interest in new developments, panel-block apartments remain a viable option, particularly in urban areas where new construction is limited. In some neighborhoods of large cities, purchasing an older apartment may be the only available choice. Many panel buildings are located in open, spacious areas and have practical room layouts. Moreover, these properties typically offer real, usable square footage, which is a key consideration for families looking for functional living space.
However, the condition of panel apartments can vary greatly. Important factors include the age and maintenance of the building, as well as the state of the individual unit. Homes that have undergone recent renovations are priced higher than those that have not been updated in decades, especially when kitchens and bathrooms are outdated.
One of the significant advantages of new construction is the reduced need for immediate maintenance. New buildings generally do not require repairs to key infrastructure like roofs or elevators in the near term. Additionally, the common areas in new residential buildings tend to be more attractive and better maintained than those in older structures. New construction also benefits from the use of modern, energy-efficient materials, which further adds to their appeal for today's buyers.
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
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%
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