An increase in the number of real estate transactions has been registered in Burgas and the surrounding area, experts say, as reported by BNR-Burgas. During the first 6 months of 2024, more than 5,000 transactions are expected in Burgas, Nessebar, Pomorie and Tsarevo. The buyers are mostly young people aged 25-30, who are able to pay off their mortgage in the space of 20-30 years. Around 10% of the buyers are foreigners, mostly from Poland, Israel, Germany, and a small share from Ukraine.
More and more often the demand is for more spacious and for gated community homes. According to statistics, the prices of homes in Burgas are in the EUR 900-1,000 per sq. m bracket in Madika residential area and EUR 1,400-2,000 in the city centre.
The European Bank for Reconstruction and Development (EBRD) will open a technology center in Bulgaria focused on emerging technologies such as Big Data , artificial intelligence, cybersecurity, and cloud services. This becomes possible after the..
Violations were found in 27% of the inspected sections along the Black Sea coast , according to the control authorities of the Ministry of Environment and Water. Minister Manol Genov ordered the inspection following the October floods in the southern..
With 128 votes in favour, the governing majority in Parliament and three independent MPs rejected the president’s veto on the Law on Defence and the Armed Forces. The amendments expand the possibilities for declaring a state of emergency and..
The first quaternary wastewater treatment plant in Bulgaria was opened today in the village of Benkovski, Maritsa Municipality. “Today we are launching..
Bulgaria has officially become part of the European cultural route “The Wine Route” ( Iter Vitis ) . The certificate of membership was presented to..
Over the next 24 hours, cloudy and foggy conditions are expected across much of the western Danube and Upper Thracian plains. Rain is likely in western..
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