Property Market Cools in Bulgaria’s Big Cities, But Rent Prices Remain Inflated
The Bulgarian property market appears to be cooling off in the major urban centers
More than 10,000 Russian citizens have become homeowners in Bulgaria in 2013 alone, according to Russian Ambassador to Bulgaria Yuri Isakov.
"Russian buyers occupy a leading position on the local real estate market, some 300-350 thousand Russians own property in Bulgaria," Isakov said in an interview for Bulgaria's Focus news agency.
"Having arrived in Bulgaria as tourists, many Russian citizens have fallen in love with your country and have decided to stay here. I can say with certainty that the majority of them are satisfied with their choice and feel very well here," the Russian Ambassador to Bulgaria stated.
According to Isakov, "despite the lower intensity of new housing estates construction and the notorious Bulgarian real estate market saturation, Russian interest in buying property here has been preserved."
Bulgaria was visited by 700,000 Russians in 2013, some 480,000 of them spent their summer holidays at Bulgaria's Black Sea resorts. Meanwhile, Russian tourists are increasingly interested in ski and spa tourism in Bulgaria, Isakov claimed.
The question of how Bulgaria’s adoption of the euro will influence the real estate market has sparked considerable interest among property owners
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The upcoming adoption of the euro in Bulgaria starting January 1, 2026, is stirring debate across society. Beyond political disagreements
Sofia continues to dominate Bulgaria's housing market, securing the top spot for the third consecutive year in the construction of large residential properties.
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
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