NEWSLETTER
28.10.2015 Property markets in the biggest regional cities in Bulgaria
Real estate prices in Bulgaria’s three biggest regional cities - Plovdiv, Varna and Burgas - have shown a sustained recovery in 2015.‘There is an overall feeling that these city property markets are viable and with very good perspectives for future development. This has helped them attract the attention and return the trust of foreign and local investors and home buyers’, comments Polina Stoykova MRICS, Managing Director & Head of Research of BULGARIAN PROPERTIES. ‘Furthermore, the rental markets in the big cities in Bulgaria are developing quite well and this is an additional incentive for investments in residential and commercial properties’ adds Stoykova.
Plovdiv
The market trends in the second biggest city in Bulgaria follow closely these in the capital of Sofia. We can see an increased activity in the residential property market in the city, as well as in other segments such as industrial and office space. In Q3 the increase of number of sales is 5% on an annual basis. The increased demand on the one hand, and the overall improved investment environment on the other, both have an impact on the construction activity and we can register an increased amount of issued new building permits and started new buildings in the city.
The average house price in Plovdiv based on real deals according to data by BULGARIAN PROPERTIES is 570 EUR/sq.m. and the registered annual growth is 4.5%.
View our properties in Plovdiv
Varna
The property market in the biggest city on the Black Sea in Bulgaria is going through a renaissance. The average price at which residential properties are bought in Varna in Q3 is about 800 EUR/sq.m., an increase of about 6% annually. Varna is the only city in Bulgaria in which property prices are similar to those registered in the capital of Sofia.
View our properties in Varna
Burgas
There is a 5% increase in the number of completed deals in Q3 on an annual basis in the second biggest coastal city in Bulgaria. The average property price for the period is about 600 EUR/sq.m.
View our properties in Burgas
More News
Bulgaria plans to lift an obligatory 14-day quarantine from June 1 for travellers from most European Union countries, but not those states with the biggest coronavirus outbreaks, a senior health official said on Friday.
The quarantine will remain obligatory for travellers from Sweden, Belgium, Ireland, Portugal, Spain, Italy and Malta, the official said, as well as the UK, which is ...
'It is still not clear if there will be a cure for the coronavirus any time soon, but the pandemic itself has become a cure for the Bulgarian real estate market and has made everyone rethink their behaviour:
• Developers to be careful with pricing and the design of their new projects
• Banks to have higher requirements for their borrowers
• Vendors to thi...
We are slowly returning to our normal everyday lives and the Bulgarian property market is experiencing a growing demand and a rising volume of deals after the corona virus lockdown.
Here are the present market trends which mark the start of a new beginning for the property market in Bulgaria:
🔵 Technology stays with us to help us in the new reality! We will ne...
The average selling price of residential properties in Bulgaria's capital Sofia increased by 4.0% on an annual comparison basis in the first quarter of 2020, local company Bulgarian Properties said.
The average price of dwellings in Sofia reached 1,120 euro ($1,219) per sq m in the first quarter, the realtor said in a quarterly property market analysis published last week.
...
