In terms of house prices in 2025, the association forecasts that the current growth trend will continue, with an increase of 10 per cent or just over 10 per cent year-on-year. According to the Real Estate National Association, the stagnant market is due to the uncertainty surrounding the country's accession to the eurozone. It is expected that there will be price increases after Bulgaria's entry into the eurozone, but if it is delayed it is more likely that the market will remain at the same levels.
The trend towards buying larger properties is continuing, especially in Sofia, in areas suitable for families with children. Around higher education institutions and business parks, young people working and studying in these areas are looking for smaller homes. Investors who want to buy properties to rent them out also prefer smaller properties in these neighbourhoods.
Homebuyers in the country are creditworthy, around 35-40 years old, young enough to be able to get a loan for a longer period than 30 years. They have secure incomes and can service their loans. Some of them also have already accumulated savings which they can afford to buy the property they want with their personal funds.
The Ambassador of Austria H.E. Andrea Ikić-Böhm visited the Bulgarian-Turkish border yesterday at the invitation of the Director of the Border Police Directorate General, the press service of the Ministry of Interior announced today. Together with the..
Bulgaria has become the first in the EU to have a high-tech artificial intelligence in its own language , created by a state-funded scientific organisation. The next-generation AI designed to work in Bulgarian was unveiled last night by the Institute..
The MPs failed to elect a speaker also at their fourth attempt . Of the four candidates, Raya Nazaryan, nominated by GERB - SDS, and Silvi Kirilov - nominated by "There is such a nation" - reached the second round of voting. Third unsuccessful..
According to an analysis by the Electricity System Operator, a shortage of electricity is expected as early as January and February next year. At a..
Bulgaria’s caretaker Foreign Minister Ivan Kondov and his Albanian counterpart Igli Hasani confirmed the firm commitment of the two countries to the..
77 per cent of those employed in Bulgaria's secondary education system are ready to go out on strike demanding a pay rise in the sector, according to a..
+359 2 9336 661