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
BULGARIAN PROPERTIES has been honored with the prestigious 'Users' Website of the Year' award at the 11th edition of the Real Estate Awards, organized by Imoti.net. The distinction recognizes the company's ongoing efforts to develop a modern, user-friendly, and reliable digital platform for buying, selling, and renting real estate in Bulgaria.
This award is particularl...
Summer is here, and the real estate market in Bulgaria continues to offer great opportunities for those who are well-informed and act at the right time!
May was a month of in-depth analyses and valuable market data, showing that the market is entering a more balanced phase. Buyers are becoming more cautious, supply is gradually increasing, and successful transactions increasingly d...
After two years of exceptionally strong price growth, limited supply and euphoria fuelled by the expected introduction of the euro, Sofia’s residential property market entered a new cycle in the first quarter of 2026.
The period was characterised by existing demand, but also by more moderate activity, as buyers and sellers reassessed their behaviour.
The market began ...
The first quarter of 2026 marks the beginning of a new stage in the development of Bulgaria’s property market, which is moving from a period of accelerated transactions in 2024–2025 into a phase of normalization, characterized by more mature and rational buyer behavior.
This shift is also visible in an analysis of nearly 15,000 real searches made between January and Ma...
