Real estate agents warn that the rates at which real estate prices are going up in Bulgaria are outpacing the rise in household incomes, and that this could result in an inability to pay off credits.
Last year the prices of real estate rose by 20%, but in 2022 experts expect the market to calm down and prices to continue to rise by no more than 5%-6%. The new construction market is beginning to get back to normal unless the rise in the prices of building materials continues. Analysts say that if, by mid-2022 interest rates start to rise, that would be the first indication that the price escalation rate will probably slow down.
Demand remains higher than supply, as interest is mostly in two-room homes for investment, and three or four-room homes for own use. Experts advise buyers to pay attention to the price and to calculate their long-term repayment capacity.
At a press conference in the National Assembly, MP Stanislav Balabanov from ITN has demanded the resignation of Caretaker Interior Minister Atanas Ilkov and the Director of the National Theater Vasil Vassilev. According to Balabanov, the law enforcement..
Over the next four years, the allowed catch for turbot in Bulgaria will be within the range of 82.5 tons. This is 10% more compared to the current allowed catch, the Ministry of Agriculture and Food says. The same quota has been set down for Romania..
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A protest organized by nationalist organizations in front of the Ivan Vazov National Theatre last night against the premiere of Bernard Shaw’s play..
On Friday, there will be fog in the valleys. The lowest temperatures will range between minus 5°C and 0°C, for Sofia around minus 3°C. It will be sunny..
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