Call
Send Email
Messenger
WhatsApp
Bulgaria Sees Significant Property Price Growth, Ranking Second Globally in 2024
Property prices in Bulgaria continue to experience significant growth, with data from the National Statistical Institute revealing a 15.1% increase over the past 12 months leading up to June 2024. In the second quarter of the year alone, prices rose by 3.4%.
This impressive rise positions Bulgaria among nine EU countries that have seen property prices increase by over 100% in the last 14 years, according to Eurostat.
In Knight Frank's Global House Price Index, Bulgaria ranks third for the past 12 months, surpassed only by Turkey and Poland, where property prices increased by 46.4% and 18%, respectively. Bulgaria's growth of 15.1% makes it one of six countries out of 56 analyzed that reported an increase of over 10%. Following Bulgaria are Taiwan (+11.9%), North Macedonia (+11.5%), and Colombia (+10.9%).
Additionally, three other European countries— the Netherlands, Greece, and Croatia—along with Mexico, are among the top 10, each seeing price growth exceeding 9%.
However, the global property market is not uniform, as 13 of the analysed countries have reported declines in property prices. Hong Kong and Luxembourg experienced the most significant drops, at 12.7% and 10.9%, respectively. Other notable decreases occurred in Jersey, Finland, China, and several major European economies, including France, Germany, and Austria.
In a quarterly comparison, Lithuania's property prices fell by 5.3%. Conversely, price increases persisted in North Macedonia (+8.2%), Turkey (+6.5%), and Hungary (+5.2%), with Norway, Australia, and Poland also experiencing rises exceeding 4%.
By the end of 2024, Bulgaria is expected to rank second globally in property price appreciation, trailing only Turkey. Bulgaria's projected growth stands at 10.8%, while Turkey is anticipated to lead with 14.4%. Poland and Norway are expected to see growth rates of 9.3% and 8.3%, respectively. The most significant declines in property prices compared to the end of 2023 are anticipated in Finland, China, and Ukraine.
Check out our properties for sale
Read more news
More News
After two years of exceptionally strong price growth, limited supply and euphoria fuelled by the expected introduction of the euro, Sofia’s residential property market entered a new cycle in the first quarter of 2026.
The period was characterised by existing demand, but also by more moderate activity, as buyers and sellers reassessed their behaviour.
The market began ...
The first quarter of 2026 marks the beginning of a new stage in the development of Bulgaria’s property market, which is moving from a period of accelerated transactions in 2024–2025 into a phase of normalization, characterized by more mature and rational buyer behavior.
This shift is also visible in an analysis of nearly 15,000 real searches made between January and Ma...
The market is rebalancing – and great results come with the right strategy!
April brought clear signals of a new phase in the real estate market in Bulgaria – a more moderate pace, more cautious buyers, and increasing supply. And yet, deals are happening across all segments when properties are positioned correctly.
In this more mature and competitive environment, our Agents ...
The real estate market in Bulgaria at the beginning of 2026 remains active. After a period of accelerated growth over the past year—driven by a combination of factors such as strong bank lending, limited supply in key segments, and expectations surrounding the country’s entry into the eurozone—the first months of the year are showing signs of stabilization rather than continued rapid growth. Deman...
