Call
Send Email
Messenger
WhatsApp
House prices in the coastal city of Varna are rising - what are the reasons?
Property prices in the coastal city Varna and the region have increased by nearly 16% in the second quarter of 2024 compared to the same period last year. This rise places Varna among the most expensive cities for real estate in Bulgaria, after Sofia.
The price increase is driven by several factors, including a 5% rise in the number of completed transactions compared to the previous year. Experts attribute the price hike to the upcoming entry of Bulgaria into the Eurozone, as well as the reduced supply of secondary market properties, with many owners holding back their offers in anticipation of further price increases.
Among the most sought-after properties are apartments with sea views, which are often sold even before construction is completed, despite being more expensive. Buyers typically prioritize factors such as location, infrastructure, and the completion status of the building, as well as the interior furnishings and the view. Fully furnished and completed apartments are considered the most liquid, as new owners can move in immediately.
The average price per square meter for an apartment in the centre of Varna is around 2,060 euros, with more affordable options available, averaging around 1,850 euros for two-, three-, and four-room apartments.
Despite expectations of a slowdown in price increases, experts do not foresee a significant drop in property prices in the coming months. At the same time, there has been a growing trend of transactions financed by bank loans, with the percentage of such deals now exceeding 65% of all transactions.
Although the Bulgarian National Bank has tightened regulations on mortgage lending, experts expect a slight decline in the number of transactions financed by bank loans next year.
View our properties in Varna
Read more news
More News
For the 18th consecutive year, BULGARIAN PROPERTIES presented its annual awards for best results and significant achievements.
2025 was another strong year for both BULGARIAN PROPERTIES and the real estate market in Bulgaria as a whole, with an increase in transactions and accelerated price growth prior to our entry into the eurozone.
This allowed us t...
In the third quarter of 2025, Bulgaria was among the EU countries experiencing the strongest growth in house prices, according to Eurostat data. Across the euro area, the house price index rose by 5.1% year-on-year, while the EU overall saw a 5.5% increase. Over the same period, prices had grown by 1.6% compared with the previous quarter, reflecting steady demand throughout the region.
As of 1 January, Bulgaria is officially part of the eurozone. What was discussed for years is now a reality – the euro is the country’s official currency, and Bulgaria has taken a decisive step into the core of the European economic framework.
This historic step brings long-term stability, new opportunities for businesses and investors, and greater confidence for citizens and intern...
The first days of January already set an exciting pace for the Bulgarian property market – with active buyers, numerous enquiries, and the first deals of the year!
In this dynamic environment, we are proud to present our Agents of the Month – the consultants at BULGARIAN PROPERTIES who stood out with their excellent work, professionalism, and personal approach to every client. Some...
