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
Bulgaria has long appealed to British buyers more than other Eastern European destinations.
A mix of affordable beach, ski and village life, it offers a bit of everything and regularly features in A Place in the Sun’s Top 10 Best Places to Buy Abroad rankings.
In this year’s list, Bulgaria comes in at number nine - above Dubai - with the average property...
August was anything but a slow holiday month for the real estate market in Bulgaria!
✔ Deals were closed at full speed – from Bulgaria’s top seaside resorts to the ski resort of Bansko, where buyer interest reached new heights.
✔ The market remained active despite the summer breaks, and the impact of Bulgaria’s upcoming Eurozone entry is already starting...
Check out who are your trusted partners in a key moment for the Bulgarian real estate market!
July was a historic month – Bulgaria is officially joining the Eurozone on January 1st, 2026.
Amidst this major development, the property market across the country remained highly active – and the results speak for themselves!
We are proud to present our Agents of the ...
In a historic and long-anticipated move, the Council of the European Union has given its final approval for Bulgaria to adopt the euro as its official currency. As of 1 January 2026, Bulgaria will become the 21st member of the euro area, marking a significant step forward in the country’s European integration.
This milestone is not just symbolic — it represents a major economic achi...
