In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate transactions going up as well.
“One feature of the Bulgarian market is that banks have a more limited effect than they do in Western Europe,” says Yordan Yordanov, managing director of a real estate agency, BNR’s Natalia Ganchovska reports. “According to official data, over the past 10 years, only 27 out of 100 transactions have involved taking out a mortgage loan, the rest have taken place using ready money, which is indicative of the specific structure of the Bulgarian market. Unlike Bulgaria, in countries like Germany, the UK, the US, Canada and other countries, 80-90% of all transactions make use of mortgage loans,” Yordan Yordanov says.
According to Bulgarian National Bank data, interest on home loans in Bulgaria is among the lowest in Europe, ranging from 2.1% to 3.6%.
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KBC Group expects the Bulgarian economy to grow slightly more next year in comparison to its previous forecasts, according to the conclusions of the Belgian financial group's latest assessments of the economies of Central and Eastern..
The draft state budget was adopted in first reading by the National Assembly on November 21. However, the planned changes in the financial framework for..
The Executive Board of the International Monetary Fund (IMF) has concluded the 2025 Article IV Consultation with Bulgaria. According to the IMF’s..
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