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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.
List a property with us!
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According to NSI data for the first quarter of 2024, residential property prices in Bulgaria have risen by 16% compared to a year earlier. Such accelerated growth has not been recorded since 2022. By comparison, in 2023, annual price growth was about 10%.
NSI also recorded a similar upward movement in household incomes, with data for the first quarter of 2024 showing that the countr...
House prices in the first quarter of 2024 were down 0.4% in the euro area and up by 1.3 % in the European Union (EU), recent data that Eurostat made public on Friday shows. The data has Bulgaria leading EU in quarter-to-quarter increase in house prices and second after Poland in terms of year-on-year growth in the first quarter.
Eurostat highlighted a comparison with Q4 of 2023, sho...
Hot, active, dynamic - such was the property market in Bulgaria last month, and so are our top agents who are by your side in every step of the transaction. 🔥
📈 We've wintenessed another strong month for the property market and we're entering the no less active summer months, which have shaped up as the peak months for the market in recent years.
The a...
🎉 AGENTS OF THE MONTH JUNE 🎉
Traditionally, we can't start the new month without celebrating our top agents!
Congratulations to the outstanding professionals who showed high results in May!
And what a fantastic month May was – warm, festive and very fruitful for the property market in Bulgaria and for us as a company
BU...
