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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Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone. The bustling market in Sofia, Bulgaria's capital, kicked off 2023 with a noticeable decline in transactions, hovering around 14%. However, subsequent quarters saw a gradual improvement, with reductions limited to 11.7% and 5.4%, respectively, as r...
🏆🌟 AGENTS OF THE MONTH 🌟🏆
The first month of 2024 flew by in the blink of an eye, and it's time to introduce our real estate champions who will proudly bear the title of "Agent of the Month"!
The year kicked off successfully for the real estate market in Bulgaria with significant activity, property viewings, and successful transactions ...
"One year is too short a period to go from boom to bust. But the market did calm down at the end of the year and we ended up with 6-8% price growth in Sofia and Plovdiv, and a bit more in some other cities."
This is what Polina Stoykova MRICS - Managing Director and Head of Reasearch of BULGARIAN PROPERTIES said in the studio of "Good Morning, Europe" on Euronews Bulgaria. An she ad...
The EU Court of Justice lifted the restrictions EU citizens face when buying agricultural land in Bulgaria in a ruling published on Thursday, more than 17 years after the country joined the block.
Obstacles should have already been removed in 2014. Still, the Bulgarian parliament adopted changes to the Law on the Ownership and Use of Agricultural Lands, which created serious obstacl...