Nearly 40% of Bulgarians Unable to Save, Indebtedness Rising
According to recent data from the Trend Research Center, shared during the "Personal Finance" event by Money.bg, 38% of Bulgarians are unable to set aside any savings
Publicly available information from the National Revenue Agency reveals that 3,604 Bulgarian residents have properties abroad, all of which have been duly declared to the agency.
Bulgarians own properties across various countries in the Balkans and the European Union. Additionally, some citizens take pride in owning properties in less commonly chosen destinations, including Andorra, Argentina, Armenia, and others.
Following the deadline for tax return submissions, data from the National Revenue Agency highlights that 927 Bulgarians reported an income exceeding BGN 1 million (EUR 511,371) last year. Notably, among the affluent individuals, one person stands out with a reported personal income surpassing 70 million BGN (EUR 35,796,032).
The primary source of wealth for the wealthiest Bulgarian individual stems largely from the sale or exchange of shares and other financial assets.
During the recent tax campaign, which concluded on April 30, over 742,000 individuals and identical traders submitted tax declarations. Among them, 20,247 people earned more than BGN 100,000 (EUR 51,137), with 1,228 individuals earning over half a million BGN (EUR 255,685).
Additionally, 514 Bulgarians reported an income ranging between 750,000 (EUR 383,528) and 1,000,000 BGN (EUR 511,371), while 4,710 individuals earned between 250,000 (127,842) and 500,000 BGN (EUR 255,685)) for the year.
Over the past decade, residential property prices in Sofia, Bulgaria, have surged by 200%, rising from an average of €715 per square meter in 2015 to more than €2,100 at the beginning of 2025
Bulgaria's real estate market has seen a notable uptick since the beginning of 2025, with housing prices increasing by approximately 6%
Over 70% of property transactions in Bulgaria over the last decade have been made in cash
Bulgarians rank among the leading buyers of real estate in Northern Greece
Property prices in Bulgaria have risen by approximately 6% since the beginning of 2025
Real estate prices in Bulgaria continue to climb, according to property brokers
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