Call
Send Email
Messenger
WhatsApp
Bulgarian housing prices up 22% Jan-Sept 07
Nation-wide housing prices jumped 22% in January-September 2007 to around 1,120 levs, shows data released by Bulgaria's statistical authority on Tuesday.
The biggest spike - over 45%, was registered in the city of VIDIN, North-western Bulgaria, followed by Sofia with 34%.
The price increase recorded by the statisticians in the first nine months has already beaten the forecasts for a full-year gain of 15% made by realtors in early 2007.
The residential market in Vidin also posted the biggest price increase in Q3 with 20%, followed by Sofia with 15% and Blagoevgrad with 12%.
The latest gains reinstate SOFIA as the nation's most expensive housing market with an average price of close to 2,000 levs/sq m. It leapfrogs VARNA, taking a lead of more than 150 levs/sq m on average over homes in the coastal city which was consistently pipping the capital, albeit fractionally, over the past two years.
The realtors explained the surge with the fact that, in an overwhelming number of cases, the full price of the property transactions is being reported to the registry offices.
Over 80% of the residential market is loan-financed and the banks prefer to have on paper the real price of the property, said Lyubomir Stanimirov.
Rising inflation and food prices act as an additional incentive for people to invest in the real estate market, said Hristo Boikov.
Driving the pricing upside is the new construction segment which recorded the biggest hike, said Stanimirov.
Residential districts like Manastirski Livadi, Malinova Dolina, Studentski Grad and Vitosha, where over 70% of the supply is new construction, are at the center of the trend. Asking prices in these neighborhoods have zoomed up from 800 euro/sq m at the beginning of the year to 1,200 euro/sq m, said Stanimirov.
The explanation for the price gains in Vidin has to do with the launched construction of a new cross-Danube bridge and the big number of residents of area villages that have sold land to the developers of logistics and business parks and now invest in urban homes.
The market in Ruse, also on the Danube, is benefiting from an influx of cash from Romanian home buyers, said Boikov.
Read articles
Read more news
More News
It’s time for us in Bulgaria to welcome one of the brightest and most beloved holidays of the year! 💐🌷🌈🐰
We would like to inform you that during the upcoming Orthodox Easter holidays and official public days off, from April 10th to April 13th inclusive, the offices of BULGARIAN PROPERTIES will be closed.
If you would like to get in touc...
The spring market is gaining momentum!
March showed that the real estate market in Bulgaria is developing in a stable and balanced way – with activity across all segments and transactions ranging from affordable properties to high-end homes.
In this dynamic yet more mature market environment, our Agents of the Month stood out – the experts at BULGARIAN PROPERTIES, wh...
At the end of 2025, investor AMur, in partnership with BULGARIAN PROPERTIES, launched the construction of SKY TOWERS by AMur – an ambitious residential development in the southern part of Sofia.
Within the next four years, in the Manastirski Livadi – East district, at the junction of the Ring Road and Bulgaria blvd., two 75-metre towers will rise, envisioned by the inv...
The first months of 2026, following Bulgaria’s accession to the eurozone, outline a new dynamic in the residential property market. After the record activity in 2025, when many buyers accelerated their decisions in anticipation of the introduction of the euro, the market is gradually beginning to return to a more moderate and sustainable pace.
Although official statistics for the e...
