Residential Construction Booms in Plovdiv, While Sofia Trails Behind
In the third quarter of 2025, Bulgarian municipalities issued permits for a total of 2,292 residential buildings, encompassing 13,541 dwellings with a combined gross floor area of 1,475,933 square meters. Additionally, permits were granted for 16 administrative buildings with 14,736 square meters of floor space and 1,271 other types of buildings totaling 683,709 square meters, according to data from the National Statistical Institute.
Quarter-on-quarter, permits for residential buildings rose by 11.9%, with the number of dwellings up 34.2% and total floor area increasing by 13.1%. Permits for administrative buildings grew by 6.7% in number but saw a 37.9% reduction in total area. Other buildings experienced a 5.1% increase in permits, while their total floor space grew by 18.6%. Compared to the third quarter of 2024, new residential building permits rose by 8.5%, dwellings in them by 46.9%, and floor area by 32.3%. Permits for administrative buildings declined by 11.1% in number and 75.6% in area, while other buildings saw increases of 9.4% in number and 19.4% in area.
Plovdiv led in the number of residential building permits, with 442, nearly double the 230 issued in Sofia (capital), followed by Sofia district with 226, Varna with 215, and Burgas with 186. In terms of planned housing units, Plovdiv again topped the list with 3,744 units, followed by Sofia (capital) with 3,000, Burgas with 2,090, Varna with 1,236, and Blagoevgrad with 445.
Construction activity in the third quarter began on 1,797 residential buildings containing 6,443 units and totaling 880,935 square meters, alongside 9 administrative buildings with 7,284 square meters and 654 other buildings covering 418,159 square meters. Compared to the previous quarter, new residential starts increased by 9.6%, though the number of units fell 20.1% and floor area declined 8.5%. Administrative building starts dropped 60.9% in number and 63.2% in area, while other buildings rose 1.6% with 14.1% more floor space.
Year-on-year, residential starts increased 15.7%, though units decreased by 3.9% and floor area by 5.8%. Administrative buildings began 25% fewer projects with 66.9% less floor space. Other buildings rose 13.1% in number but had 4.7% less total area. The highest construction activity was recorded in Plovdiv (287 residential, 62 other), Sofia (capital) (308 residential, 5 administrative, 30 other), and Sofia district (174 residential, 44 other).
Why Bulgaria Is Becoming Europe’s Hidden Real Estate Gem in 2025
Bulgaria’s property market is booming in 2025.
A House in Sofia Now Costs as Much as an Apartment in Paris
The residential real estate market in Sofia continues to demonstrate strong resilience
Sofia Rent Surge: Three-Room Apartments Now Average Over €820
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 for Bulgaria’s Eurozone Future Dominates National Real Estate Forum in Sofia
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)
No Price Drop Ahead, Only Slower Growth in Bulgaria’s Housing Market, Expert Predicts
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
This EU Country Has The Most Overvalued Properties...And It's Not Bulgaria
A recent report by the European Commission highlights Portugal as the EU country with the most overvalued property market, far surpassing other nations, including Bulgaria









