Call
Send Email
Messenger
WhatsApp
SeeNews: Sofia's avg housing prices up 4.0% in Q1
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 ($1,219) per sq m in the first quarter, the realtor said in a quarterly property market analysis published last week.
The average total selling price of apartments rose to 101,130 euro from 90,960 euro a year earlier, Bulgarian Properties said, adding the data is based on prices of concluded sale and purchase agreements.
Last month, data of the Bulgarian registry agency showed that most of the property transactions in the country entered in the registry in the first quarter were signed in Sofia but their number has decreased - 5,285, compared to 5,641 in the first quarter of 2019.
According to Bulgarian Properties, the residential market in Sofia has been exceptionally active until the middle of March, when the government imposed a countrywide state of emergency to contain the coronavirus outbreak.
There has been a certain degree of revival of the market as of the middle of April, as people have got used to the new situation and started resuming the implementation of their business plans and undertakings, the realtor concluded.
($ = 0.918480 euro)
See our properties for sale and rent in Sofia
Read more news
More News
Bulgaria is preparing for one of the biggest international events in its recent history. Burgas has officially been selected to host the Eurovision Song Contest 2027, bringing Europe’s largest live music show to the Bulgarian Black Sea coast for the first time.
The 71st Eurovision Song Contest will take place in Arena Burgas, with the two Semi-Finals scheduled for 11 a...
Bulgaria has been ranked 12th among 192 countries in the Rumavi Global Relocation Index 2026, reinforcing its position as an increasingly attractive destination for living, working, retiring and investing in property.
Bulgaria has achieved an impressive 12th place in the global Best Countries to Live in 2026 ranking, compiled as part of the Rumavi Global Relocation Ind...
Summer is in full swing, and the property market continues to prove that the right listings make all the difference! ☀🏡
July brought important market data and sparked wide discussion about the future direction of transaction volumes and property prices. The market is entering a more balanced phase, buyers are becoming more cautious, and their choices are increasingly s...
This partnership combines the ambitious vision of OKOL Lake Park with BULGARIAN PROPERTIES’ many years of experience and international client network.
We are pleased to announce that BULGARIAN PROPERTIES has become a partner of OKOL Lake Park for the sale of apartments in the complex.
This new partnership brings together one of the most impressive new re...
