Call
Send Email
Messenger
WhatsApp
The housing market in Bulgaria at the start of 2025 - summary and forecast
Hello and Happy New Year!
Let's start it with a summary and some thoughts on what lies ahead for the housing market.
2024 started as the year with a lot of question marks and turned into another successful year for the property market in Bulgaria - says Polina Stoykova MRICS, Managing Director of BULGARIAN PROPERTIES.
There was uncertainty and ambiguity on many issues - whether mortgage interest rates will be raised, when Bulgaria will be accepted into the eurozone, whether the inflation rate will calm down, what will happen to the property supply and whether it will increase.
In the end, many of the negative expectations for the market did not come true. Interest rates remained at historic lows and bank lending continued to grow in volume. This naturally led to an acceleration in the rate of price growth, particularly in the second half of the year, and by the end of 2024 we were seeing year-on-year increases of 10-15% in different areas of the country.
Demand remained strong and was not met by available supply, which kept property prices high. New construction is trying but failing to meet all demand. Still, we can say that new construction has been the most preferred by buyers over the last 10 years and this trend remains persistent.
What can we expect in the property market in 2025?
The new year also brings its unknowns, but overall it will not be significantly different from the boom years after 2020. Supply will remain limited, at least until there is clarity on our entry into the eurozone, and demand will remain high due to available bank funding. The labour market will continue to support demand with low unemployment and rising incomes, although the pace of growth may slow down.
Based on empirical research on market drivers, the strongest influences are housing loan volumes and price growth momentum. That is, even these two factors alone suggest that at least the first half of 2025 will not bring significant changes to the housing market in Bulgaria.
"Overall, I expect another strong year, in which I hope the market will achieve better balance and stability to maintain buyers' confidence and willingness to invest in property," Stoykova sums up.
How much is your property worth at the start of 2025? 👇
More News
Owning a holiday property in a beach or ski resort in Bulgaria is a dream come true for many. But with time, some owners begin to feel that the maintenance of such a property requires not only time and attention, but also a stable budget. The mandatory maintenance fee often proves to be a key factor in deciding whether to keep or sell their property.
In this ...
Completed property transactions in Sofia and Burgas in the first quarter of this year are at their highest level in at least 20 years, as long as data are available on the website of the Registry Agency. In Sofia they crossed the 8,000 transactions threshold in the first quarter for only the second time since 2005. The first time this happened was in 2008, which was followed by a pro...
Spring brought even more energy and success to the property market, and our Agents of the Month were right at the center of it all!
With their knowledge, dedication, and professionalism, they helped hundreds of clients take the next step – whether it was buying a new home, investing in real estate, or selling their property at the best terms.
If you're looking for th...
February matched the success of January, and the real estate market in Bulgaria remains at its peak! Deals were closed across all segments – from new developments in Sofia and major cities to coastal and ski properties, as well as rural houses in preparation for the spring-summer season.
Today, we proudly present the Agents of the Month for March – the top professionals at BULGARIAN...
