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BULGARIAN PROPERTIES Agents of July 2023
Let it be Summer, a hot real estate Summer!
It's July and we are confidently entering the second half of 2023. So far, expectations of a drop in demand have not been met. On the contrary, we are reporting increased interest to property in Bulgaria and expect this trend to continue in the coming months.
The National Statistics Institute has released official data on house prices in the first quarter of 2023. They have confirmed our earlier report and data which showed that price growth in Sofia is slowing. Momentum is still strong in other major cities, and we have higher growth rates there, but it’s a matter of time for them to slow down as well.
As already noted in our analyses, the slowdown in price growth will be felt more strongly in the second half of the year. Read our market reports here
In addition to the market picture, in June we had the opportunity to participate in the prestigious economic forum "The Noise of Money" and present a summary of market trends in the first half of the year. Read more about the event here
Summer is gaining speed, but we and our top agents are here for your property questions and needs. Check out who our leading figures will be in July! These are the winners of the Agent of the Month ranking – a title that we award for sales performance and excellent feedback from our clients.
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Bulgaria’s capital has topped the European Best Destinations ranking, putting Sofia in the international spotlight as an exciting place to visit, live and invest in property.
Sofia has been named Europe’s Best City Break Destination for 2027, taking first place in the prestigious ranking by European Best Destinations.
The Bulgarian capital emerged as the...
Bulgaria's property market is entering a more balanced phase, with price growth slowing but no signs of a market crash. At the same time, the country's entry into the eurozone is creating new opportunities to attract international property buyers and investors. These were among the key messages shared by Polina Stoykova MRICS, Managing Director of BULGARIAN PROPERTIES, during an inte...
We are entering the final quarter of the year – traditionally one of the most important periods for the property market.
Following the summer months, September brought the market back to its usual rhythm. Buyers are active again, sellers are moving ahead with their plans, and quality, correctly priced properties continue to find their new owners.
One of the key trend...
We are welcoming Autumn with encouraging signs from the Bulgarian property market! 🍂🏡
August, traditionally one of the quietest holiday months of the year, brought a noticeable increase in activity. The market once again demonstrated that when attractive properties are offered at the right price, buyers are ready to act and transactions can happen quickly.
