0
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

Inflation slowdown: How does it affect the real estate market?

2024-02-19   |  Polina Stoykova MRICS, Managing Director and Head of Research of BULGARIAN PROPERTIES

At the start of 2024 the real estate market in Bulgaria continues to show promising signs of stability and growth, providing unique opportunities for both buyers and sellers. Today, we take a look at the most current market trends and how they may influence your decisions.

Slowing Inflation: What does it mean for the real estate market in Bulgaria?

According to the latest data from the National Statistical Institute (NSI), inflation in Bulgaria continues to slow, with monthly inflation reported at just 0.5% in January 2024 and annual inflation of 3.8%. This is a significant improvement on previous periods and is good news for the economy as a whole, including the real estate sector, as in recent years inflation has been one of the main drivers of property price growth.

Growth in real estate transactions

BULGARIAN PROPERTIES data shows that real estate transaction volumes have grown by around 20% in early 2024 compared to the same period of the previous year. This increase highlights the growing interest from buyers and investors.

Property prices: current trends

Of particular note is the property market in the capital of Sofia, where prices continue to follow an upward trend, but it is slowing down. In January, we report a year-on-year increase of 7%, with the average price increase reaching around EUR 100 per square metre. This reflects the continuing trend of tight supply in the face of strong demand.

Opportunities for sellers

The current market situation provides excellent opportunities for sellers. The activity on the market and the peak prices reached create a favourable environment for transactions. If you are considering selling a property, now is the right time to extract maximum value from your property.




In these dynamic times, awareness and strategic planning are key to the success of any real estate market participant. At BULGARIAN PROPERTIES, we are here to provide you with up-to-date information and professional advice to help you make the best decisions. Follow us on social media, and don't miss our regular updates and analysis.



Share
Discover wonderful homes in the Bulgarian beach resorts!
Check out our selection of properties on the Bulgarian Black Sea Coast! Attractive prices, regular flights to Burgas and Varna international airports. Perfect for frequent visits, summer holidays, and more.
See More
Hot properties in Bansko - the best offers are here for you! ❄️
Buy your own property in the top ski resort in Bulgaria! An all-year-round resort suitable for winter and summer tourism with the best prices in Europe! Holidays in your own property without the need for hotel reservations!
See More

More News

Company news
BULGARIAN PROPERTIES Agents of July 2025 🏆

Your experts in a fast-evolving Bulgarian property market!

June was an impressive month for the real estate market and a strong close to the first half of the year. Deals were finalized at a high pace, we opened a new office in Sunny Beach, launched operations in Shumen, appeared in national media, and reaffirmed our leading market position!

We are proud to present o...

02 July, 2025
Press & Media
What to expect for housing prices in Bulgaria after the introduction of the euro?

Property prices in Sofia are still significantly lower than those in other European capitals

How will the property market in Bulgaria change after we join the eurozone? This is a key question for both property owners and those considering a purchase. Will prices rise? Will there be a slowdown? Should I buy, sell, or wait?

The experience of other countries shows that a...

30 June, 2025
Company news
BULGARIAN PROPERTIES expands its operations with a representative in Shumen

We are pleased to announce starting operations in Shumen area, with which we continue to pursue our mission – to be present in every region of Bulgaria, providing you with professional service, security and full support in real estate transactions.

Our new regional representative for Shumen and the surrounding areas is Galina Kirilova – a licensed real estate appraiser...

23 June, 2025
Company news
BULGARIAN PROPERTIES now at a new address in Sunny Beach!

New season, new office, same trusted team!

With the summer season upon us, we are pleased to announce that the BULGARIAN PROPERTIES office in Sunny Beach has moved to a new location!

Our team welcomes you in Trakia Apartments complex, on the ground floor - right opposite T Market store.

📅 The official opening took place on 7 June 2...

10 June, 2025

REQUEST DETAILS