Call
Send Email
Messenger
WhatsApp
BULGARIAN PROPERTIES on Bloomberg TV: Bulgarian real estate market in 2020
On 14th of November Polina Stoykova MRICS, the Managing Director of Bulgarian Properties, was a guest in the program "In Development" with Veronica Denizova on Bloomberg TV. What awaits the Bulgarian capital real estate market in 2020? See what she said by the subject:
"We cannot speak of a bubble on the housing market in Sofia, as in this cycle it is driven by fundamental factors such as local demand, employment, income, interest rates, etc. 2019 has brought a price stability in Sofia," Stoykova noted. She explained that this year the market remains dynamic, people are interested in buying.
"With rising incomes and stable prices the real estate affordability is growing, also the low mortgage interest rates have a positive effect."
The guest pointed out that usually the last quarter of the year is very strong for the property market and 2019 confirms this fact - the activity has been increasing since the first days of October.
"The average price per square meter in Sofia for the third quarter is 1,088 Euros per square meter, based on real deals, " Stoykova said.
"According to buyers, 1,000 Euro per sq.m is an adequate price."
According to the expert, a price-drop is not expected soon, as there are no indications for it in the current economic situation. "It is clear that mortgage interest rates are not expected to rise soon, it will be more indicative to monitor the labor market factors, how unemployment will change," Stoykova explained.
Check our properties in Sofia
Read more news
More News
As of 1 January, Bulgaria is officially part of the eurozone. What was discussed for years is now a reality – the euro is the country’s official currency, and Bulgaria has taken a decisive step into the core of the European economic framework.
This historic step brings long-term stability, new opportunities for businesses and investors, and greater confidence for citizens and intern...
The first days of January already set an exciting pace for the Bulgarian property market – with active buyers, numerous enquiries, and the first deals of the year!
In this dynamic environment, we are proud to present our Agents of the Month – the consultants at BULGARIAN PROPERTIES who stood out with their excellent work, professionalism, and personal approach to every client. Some...
Experts say Bulgaria’s entry into the eurozone does not automatically drive property prices upward, although the market remains under pressure. Polina Stoykova, executive director of BULGARIAN PROPERTIES, told NOVA NEWS that the market has cooled slightly in the second half of the year, following the initial surge in buyer interest after the announcement that Bulgaria would join the eurozone on Ja...
We’re wrapping up the year with confidence, professionalism, and a new era of real estate technology!
November shaped the final picture of 2025 – a strong, dynamic month with an active property market preparing for the euro and an important innovation: we launched our smart AI property search, now helping buyers and sellers connect more easily than ever!
Try it here.
...
