Bulgarians Urged to Watch Exchange Rate Amid Euro Adoption and Loan Concerns
The adoption of the euro in Bulgaria is not expected to cause fast loans to become more expensive
In the first half of 2024, a total of 8,533 consumers secured housing or mortgage loans through credit intermediaries. Among these, 8,413 contracts were signed with banks, while 120 were arranged with financial institutions registered under Article 3a of the Law on Credit Institutions, as reported by the Bulgarian National Bank (BNB).
The total value of credit agreements made between banks and customers through these intermediaries exceeded 1.725 billion leva. Additionally, loans facilitated by financial institutions amounted to more than 3.245 million leva. As of mid-2024, there are 116 registered credit intermediaries operating under the Consumer Real Estate Loans Act, according to BNB data.
Bulgarians are stepping up property purchases in Northern Greece
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
Sofia Municipality is set to implement a revised framework for managing its municipal housing stock by introducing two distinct rental categories
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe