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.
Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3 and 5 BGN (EUR 1.5-2.5) per liter until the new harvest. The value of the small consumer basket,..
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association..
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