Call
Send Email
Messenger
WhatsApp
Bulgaria Sees Significant Property Price Growth, Ranking Second Globally in 2024
Property prices in Bulgaria continue to experience significant growth, with data from the National Statistical Institute revealing a 15.1% increase over the past 12 months leading up to June 2024. In the second quarter of the year alone, prices rose by 3.4%.
This impressive rise positions Bulgaria among nine EU countries that have seen property prices increase by over 100% in the last 14 years, according to Eurostat.
In Knight Frank's Global House Price Index, Bulgaria ranks third for the past 12 months, surpassed only by Turkey and Poland, where property prices increased by 46.4% and 18%, respectively. Bulgaria's growth of 15.1% makes it one of six countries out of 56 analyzed that reported an increase of over 10%. Following Bulgaria are Taiwan (+11.9%), North Macedonia (+11.5%), and Colombia (+10.9%).
Additionally, three other European countries— the Netherlands, Greece, and Croatia—along with Mexico, are among the top 10, each seeing price growth exceeding 9%.
However, the global property market is not uniform, as 13 of the analysed countries have reported declines in property prices. Hong Kong and Luxembourg experienced the most significant drops, at 12.7% and 10.9%, respectively. Other notable decreases occurred in Jersey, Finland, China, and several major European economies, including France, Germany, and Austria.
In a quarterly comparison, Lithuania's property prices fell by 5.3%. Conversely, price increases persisted in North Macedonia (+8.2%), Turkey (+6.5%), and Hungary (+5.2%), with Norway, Australia, and Poland also experiencing rises exceeding 4%.
By the end of 2024, Bulgaria is expected to rank second globally in property price appreciation, trailing only Turkey. Bulgaria's projected growth stands at 10.8%, while Turkey is anticipated to lead with 14.4%. Poland and Norway are expected to see growth rates of 9.3% and 8.3%, respectively. The most significant declines in property prices compared to the end of 2023 are anticipated in Finland, China, and Ukraine.
Check out our properties for sale
Read more news
More News
The real estate market in Bulgaria at the beginning of 2026 remains active. After a period of accelerated growth over the past year—driven by a combination of factors such as strong bank lending, limited supply in key segments, and expectations surrounding the country’s entry into the eurozone—the first months of the year are showing signs of stabilization rather than continued rapid growth. Deman...
The market for holiday properties on the Bulgarian Black Sea coast continues to develop actively in 2026, with interest remaining strong from both Bulgarian and international buyers. After years of strong growth, the market is entering a more mature phase – with more cautious clients, yet clear demand for quality properties at the right price.
Choosing the right locati...
The spring market is gaining momentum!
March showed that the real estate market in Bulgaria is developing in a stable and balanced way – with activity across all segments and transactions ranging from affordable properties to high-end homes.
In this dynamic yet more mature market environment, our Agents of the Month stood out – the experts at BULGARIAN PROPERTIES, wh...
At the end of 2025, investor AMur, in partnership with BULGARIAN PROPERTIES, launched the construction of SKY TOWERS by AMur – an ambitious residential development in the southern part of Sofia.
Within the next four years, in the Manastirski Livadi – East district, at the junction of the Ring Road and Bulgaria blvd., two 75-metre towers will rise, envisioned by the inv...
