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Hundreds of thousands of university students in Bulgaria's Sofia are driving the rental prices up in September. Photo by BGNES
Apartment rents in Bulgaria's Sofia have seen a 15% hike at the end of the summer as a result of the demand driven up by college students, according to realtors.
The southern and southeastern Sofia quarters of Studentski Grad (which houses Sofia's university dorms anyway), Dianabad, and Musagenitsa are the most popular with college students.
The students usually prefer two-room apartments rented for about EUR 200 per month, realtors say.
At the same time, however, the new, second line of the Sofia Metro has also increased the demand for apartments in less popular quarters such as Nadezhda and Lyulin.
Real estate agencies say that September usually sees a stark increase in the demand for rental apartments in Sofia, which leads some landlords to decide to up the asking rent prices.
The realtors have contrasted the prices of rental apartments with the rents in the Studentski Grad dormitories which average about EUR 25 but come with the inconvenience of having one or two roommates in a single room.
However, the largest universities in Sofia have limited housing opportunities which is why not every student can secure a spot in a university dormitory.
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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