Call
Send Email
Messenger
WhatsApp
House price growth in Plovdiv, Varna and Burgas slows down
After a rapid increase in house prices in these cities, we are seeing a slight slowdown in growth rates by between 2 and 5 percentage points compared to those of the end of last year.
The fastest price growth continues in Varna, where growth accelerated only after mid-2022 and currently remains at levels close to 20%, while in Plovdiv and Burgas we report an annual growth of around 8-10%.
As a result of the rapid price increases in Varna, they are already on average around EUR 100/sqm higher than thise in Plovdiv and Burgas. In the first quarter, the average price in Varna reached EUR 1,343/sq.m. according to BULGARIAN PROPERTIES' data. In Plovdiv and Burgas prices are already quite similar - 1,212 EUR/sq.m. and 1,244 EUR/sq.m. respectively
What is true for all three major regional cities is that prices below 1,000 EUR/sqm are almost non-existent, except for some unpreferred perifferal districts, while their most prestigious areas are reaching and even surpassing 2,000 EUR/sq.m.
In these three major cities new construction has been driving the market in recent years and is favoured by buyers. Alongside this, supply on the secondary market remains limited and demand is high, making the timing very good for property sales.
BULGARIAN PROPERTIES' data also shows that in all three major cities, similar to Sofia, the sales volume in early 2024 grew by about 20% on an annual basis. This observation is also supported by the data of the Registry Agency, which reports a year-on-year increase in the number of transactions by 4%, 12.7% and 9.2% for Plovdiv, Varna and Burgas respectively.
In late 2023, affordability in all three cities improved after a temporary deterioration in early 2023 when incomes grew slower than property prices.
All these data indicate that housing markets in the major Bulgarian regional cities have started the year with improved transaction conditions, which explains the increased market activity.
See the full report here (free registration)
Read more news
More News
The first month of 2026 has passed – the first after Bulgaria’s entry into the Eurozone. The market returned to a normal pace, interest in properties remained high, and deals continued to close across the country.
In this context, we proudly present our Agents of the Month – the professionals at BULGARIAN PROPERTIES, who stood out with their results, personal approach, and dedicatio...
Intermediaries expect a stronger supply of housing in 2026. According to them, this will lead to a calming of the rate of appreciation of this type of property, which is definitely not “healthy“ for the market.
“At the end of 2026, we can expect price increases to approach inflation or fall to below 10%“, predicts Polina Stoykova, CEO of BULGARIAN PROPERTIES.
In the ...
The authoritative business publication Capital approached BULGARIAN PROPERTIES as one of the most active and long-established real estate agencies in Bansko, well known among both Bulgarian and international clients, to provide up-to-date and reliable insights into local market trends and buyer profiles.
In the feature article by Boryana Gencheva, our local office agen...
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...
