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Bulgaria's Minister of Investment Planning Ivan Danov. Photo: BGNES
The average Bulgarian household hast to give its entire 7-year income to buy a 75 sq/m home, while the other Europeans need between 2.5 and 4 yearly incomes, shows a 2012 survey.
It was presented by the Minister of Investment Planning Ivan Danov.
According to him, Bulgaria has the least social housing in the EU and his ministry will work for the increase of the number of such homes.
Danov's ministry will develop a plan for easing the access to homes of low income families by increasing the number of residential buildings.
According to him, the project will require the cooperation between the state and the business. The state and the municipal authorities will provide lots for free, while the business “will build, manage and maintain the social housing in exchange of certain rights.”
The decision to buy or rent property in Bulgaria's major cities, particularly Sofia, is influenced by various factors, with real estate experts suggesting that buying remains more advantageous than renting in the long term
A recent survey reveals that more businesses are investing in technology to support hybrid work models as employees increasingly seek work closer to home
In Bulgaria, purchasing a 100 sq.m. apartment requires the equivalent of 199 monthly salarie
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
At the end of 2023, household expenses increased by 19.1%, with the majority spent on food - approximately one-third of all expenditures. This is indicated by the data from the National Statistical Institute (NSI).
Recent data released by the National Statistical Institute sheds light on the spending patterns of households in Bulgaria during the third quarter of 2023
On May 16, on the initiative of the Minister of Education and Science Krasimir Valchev, a special Headquarters was established at the Ministry of Education and Science to address transport challenges in Sofia
A recent UNICEF report places Bulgaria among the countries with the highest proportion of functionally illiterate children
For the second consecutive year, Sofia Municipality has successfully adhered to European and national standards for air quality concerning fine particulate matter
A yellow code for strong winds has been issued for 17 regions in Bulgaria as the weather takes a turn over the weekend
The ongoing transport strike in Sofia has left the capital without ground public transport for three consecutive days
Following recent wage-related protests in public transport and media sectors, museum and art gallery employees in Bulgaria are now preparing to take action
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase
