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BULGARIAN PROPERTIES Agents of July 2023
Let it be Summer, a hot real estate Summer!
It's July and we are confidently entering the second half of 2023. So far, expectations of a drop in demand have not been met. On the contrary, we are reporting increased interest to property in Bulgaria and expect this trend to continue in the coming months.
The National Statistics Institute has released official data on house prices in the first quarter of 2023. They have confirmed our earlier report and data which showed that price growth in Sofia is slowing. Momentum is still strong in other major cities, and we have higher growth rates there, but it’s a matter of time for them to slow down as well.
As already noted in our analyses, the slowdown in price growth will be felt more strongly in the second half of the year. Read our market reports here
In addition to the market picture, in June we had the opportunity to participate in the prestigious economic forum "The Noise of Money" and present a summary of market trends in the first half of the year. Read more about the event here
Summer is gaining speed, but we and our top agents are here for your property questions and needs. Check out who our leading figures will be in July! These are the winners of the Agent of the Month ranking – a title that we award for sales performance and excellent feedback from our clients.
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February matched the success of January, and the real estate market in Bulgaria remains at its peak! Deals were closed across all segments – from new developments in Sofia and major cities to coastal and ski properties, as well as rural houses in preparation for the spring-summer season.
Today, we proudly present the Agents of the Month for March – the top professionals at BULGARIAN...
Many are moving away from the crowded and expensive markets of Western Europe to explore new opportunities in countries like Bulgaria, Romania, and North Macedonia. These locations offer lower costs, rich culture, scenic beauty, and affordable property prices, making them attractive for diversification.
Key Cities Driving Real Estate Growth in Eastern Europe
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January kicked off with a real estate boom, setting new market records! Deals were being closed from the very first days of the year, demand was at an all-time high, and we ramped up advertising while adding new attractive properties for sale which attracted buyers' attention.
This dynamic start led to an exceptionally strong month for our agents – and this time, entire offices made...
Housing prices have increased by 3.9% in the third quarter of 2024 compared to the previous quarter, according to data from the National Statistical Institute (NSI). The largest growth was recorded in Sofia (+5.4%), followed by Varna (+5.3%), Stara Zagora (+4.3%), and Burgas (+4.2%). A decrease was noted in the city of Ruse (-5.9%). On an annual basis, housing prices in Bulgaria have risen by 16.5...
