Sofia’s Paid Parking Overhaul: Residents to See Funds Invested Locally Says Municipal Councilor
Municipal Councilor Dimitar Petrov from “WCC-DB” has outlined new measures ensuring transparency in how funds from paid parking in Sofia are used
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In Sofia, the majority of home buyers are leaning toward new construction properties, as indicated by data from a real estate firm. This trend is driven by the fact that new buildings are currently the primary source of supply in the market, attracting potential buyers who are increasingly seeking modern, well-built homes. The range of available properties varies widely, from apartments in gated communities and upscale boutique buildings to more standard cooperatives, offering a variety of options to fit different budgets and preferences.
According to industry experts, new apartments are highly favored due to their superior construction quality and the use of advanced building technologies, making them a more appealing long-term investment. Additionally, individuals with higher incomes are particularly drawn to purchasing new houses that provide more space and a greater sense of freedom.
On the other hand, the supply of older construction homes remains relatively limited. The anticipated entry of Bulgaria into the eurozone is a significant factor influencing the market. Real estate analysts predict that with the euro adoption, foreign interest in Bulgarian properties will rise, potentially driving up prices. As a result, current owners of older properties may find themselves in a strong bargaining position, able to capitalize on the existing supply-demand imbalance in the market.
Bulgaria’s property market is booming in 2025.
In the third quarter of 2025, Bulgarian municipalities issued permits for a total of 2,292 residential buildings
The residential real estate market in Sofia continues to demonstrate strong resilience
Rents for three-room apartments in Sofia have reached an average of just over 1,600 leva (around €820), according to data from a local real estate company
Optimism surrounding Bulgaria’s upcoming entry into the Eurozone set the tone at the 11th International Forum of the National Association of Real Estate (NAREA)
Dobromir Ganev, chairman of the National Association “Real Estate,” stated in an interview with Bulgarian National Radio that property prices in Bulgaria are likely to continue rising in line with citizens’ income
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