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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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"There is definitely an activation of the property market in Bulgaria, as strange as this may sound against the backdrop of the previous strong years. The market has been extremely dynamic since the beginning of 2025 with demand increasing by between 30% to 50% more enquiries. We are seeing active buyers ready to make decisions and conclude deals."
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Owning a holiday property in a beach or ski resort in Bulgaria is a dream come true for many. But with time, some owners begin to feel that the maintenance of such a property requires not only time and attention, but also a stable budget. The mandatory maintenance fee often proves to be a key factor in deciding whether to keep or sell their property.
In this ...
Completed property transactions in Sofia and Burgas in the first quarter of this year are at their highest level in at least 20 years, as long as data are available on the website of the Registry Agency. In Sofia they crossed the 8,000 transactions threshold in the first quarter for only the second time since 2005. The first time this happened was in 2008, which was followed by a pro...
