In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to EUR 1,400. In Sofia and Varna, 1 square meter of residential space costs EUR 2,400, National Real Estate Association President Dobromir Ganev said in an interview with the Bulgarian National Radio.
In Sofia, the number of transactions in 2024 saw a 10% increase. The number of transactions in Varna and Burgas increased with 6% and 21% respectively. According to the expert, income growth, internal migration, low interest rates and limited supply are the factors contributing to the continued rise in property prices.
In Bulgaria, purchasing a 100 square meter apartment requires 199 average monthly salaries, in Greece 228, in Slovakia almost 300 and in Turkiye over 600 salaries, according to a comparative analysis by the platform VestBrokers.com. In Denmark, a new 100 square meter home can be purchased with 114 monthly salaries and in Ireland and Sweden, it can be bought with 123 and 129 salaries respectively.
One of the largest cargo ships in the world docked for the first time at the Port of Varna, delivering 58,000 tons of rapeseed, BGNES reported. The shipment arrived from Canada and will be refined in Bulgaria. The delivery was made due to a..
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook, reported BTA. ''Bulgaria's ratings are supported by its strong external and public finance balance sheets versus..
There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting..
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook, reported BTA...
One of the largest cargo ships in the world docked for the first time at the Port of Varna, delivering 58,000 tons of rapeseed, BGNES reported...
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