Eurozone Entry Might Boost Bulgaria’s Real Estate Market
The real estate market in Bulgaria experienced notable changes in 2024, with significant price increases and a rise in transaction volumes
Nowadays real estate prices are increasing steadily ... Is the new home becoming a more distant dream? comments Bulgaria On Air TV show together with Nevena Stoyanova, a partner in a real estate agency, Snezhana Stoycheva, the manager of imoti.net and the singer Nora Karaivanova.
Buying or renting a new home is accompanied by a lot of stress and ... money.
"People think that there is a real estate bubble because the prices are quite high, but that's not the case, they correspond to the built infrastructure, the quality of the construction, the prices depends on what buyers can afford", said Snezhana Stoycheva .
"We are in Europe, the salaries are rising, it is logical real estate prices to grow as well," said Nevena Stoyanova
More people are interested in buying properties in large cities, and this is due to the internal migration processes. Is there a satisfaction of the demand for property and does it respond to the expectations of the consumers is also a question that experts comment on.
It turns out that the main problem with the real estate agencies is the lack of consumer confidence.It is true that property frauds have increased. However, is it possible to recover the faith in brokers is also a topic that should be discussed.
the last quarter of 2024, the proportion of properties purchased with mortgage loans in Bulgaria grew to 27%, or roughly every third property
The real estate market in Bulgaria experienced notable changes in 2024, with significant price increases and a rise in transaction volumes
Financial expert Kamen Kolchev has advised against investing in real estate, warning that property prices in Bulgaria could drop by up to 20% upon the country’s entry into the eurozone
Foreigners who invested in property in Bulgaria are now facing legal battles after discovering that their homes were sold without their knowledge
In recent months, sales of residential properties in Bulgaria’s major cities have risen sharply
Despite the measures imposed by the Bulgarian National Bank (BNB), housing lending in Bulgaria continues to rise rapidly
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