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%.
Bulgaria's entry into the eurozone on January 1, 2026 will not make vacations more expensive. This is what Rumen Draganov, director of the Institute for Analysis and Forecasts in Tourism told the Bulgarian National Radio. The prices..
Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and governance stability, but corruption remains a significant challenge, according to the latest country..
The government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..
Bulgaria's entry into the eurozone on January 1, 2026 will not make vacations more expensive. This is what Rumen Draganov, director of..
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly Cloudy
Partly cloudy, chance of rain