High demand for property in Bulgaria

The real estate market in Bulgaria is in great demand. The real estate market in Bulgaria is in great demand. Housing prices in the country are expected to fall, but this is unlikely to happen this year. Only since the spring of last year the prices of some sites in Sofia have increased by 30% -40%. So in most preferred areas of the capital it is already difficult to find even a one-bedroom panel apartment cheaper than 100 000 euros.

Varna leads in terms of rising house prices among the major cities in Bulgaria.

According to the National Statistical Institute, house prices in Bulgaria rose by 9.4% on an annual basis at the end of last year.

Housing in the country has risen by exactly 10% compared to last spring. The price of new apartments is also rising - by 8.4% on an annual basis.

Varna leads Bulgaria in housing prices in the first quarter of 2022 with an increase of 10.8% on an annual basis. New housing in the sea capital is growing faster than the secondary market - by 11.3% against 10.5%

Experts in the local real estate market note that in Bulgaria there is now a combination of strong demand and weak supply against the background of accelerating inflation.