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.
Acting Energy Minister Vladimir Malinov told a briefing that neither he nor the Energy Ministry had any information about the sale of Lukoil Neftohim Burgas . Yesterday, the Financial Times, citing its own sources, reported that Russian energy giant..
Bulgarian politicians took to social media to congratulate Donald Trump on his election as President of the United States. President Rumen Radev was among the first Bulgarian leaders to tweet congratulations to Donald Trump on his election..
Metallurgy, heavy and mining industry are an irrevocable part of the full-fledged economic development of Europe. This was stated by Bulgarian President Rumen Radev at the solemn celebration of the Metallurgist's Day in Sofia, which was held under the..
2.5% is the necessary effort that our country must make in terms of defence spending, caretaker Minister of Defense Atanas Zapryanov..
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..
Mostly Cloudy
Cloudy