Call
Send Email
Messenger
WhatsApp
SeeNews: Sofia's avg housing prices up 4.0% in Q1
The average selling price of residential properties in Bulgaria's capital Sofia increased by 4.0% on an annual comparison basis in the first quarter of 2020, local company Bulgarian Properties said.
The average price of dwellings in Sofia reached 1,120 euro ($1,219) per sq m in the first quarter, the realtor said in a quarterly property market analysis published last week.
The average total selling price of apartments rose to 101,130 euro from 90,960 euro a year earlier, Bulgarian Properties said, adding the data is based on prices of concluded sale and purchase agreements.
Last month, data of the Bulgarian registry agency showed that most of the property transactions in the country entered in the registry in the first quarter were signed in Sofia but their number has decreased - 5,285, compared to 5,641 in the first quarter of 2019.
According to Bulgarian Properties, the residential market in Sofia has been exceptionally active until the middle of March, when the government imposed a countrywide state of emergency to contain the coronavirus outbreak.
There has been a certain degree of revival of the market as of the middle of April, as people have got used to the new situation and started resuming the implementation of their business plans and undertakings, the realtor concluded.
($ = 0.918480 euro)
See our properties for sale and rent in Sofia
Read more news
More News
BULGARIAN PROPERTIES has been honored with the prestigious "Users' Website of the Year" award at the 11th edition of the Real Estate Awards, organized by Imoti.net. The distinction recognizes the company's ongoing efforts to develop a modern, user-friendly, and reliable digital platform for buying, selling, and renting real estate in Bulgaria.
This award is particularl...
Summer is here, and the real estate market in Bulgaria continues to offer great opportunities for those who are well-informed and act at the right time!
May was a month of in-depth analyses and valuable market data, showing that the market is entering a more balanced phase. Buyers are becoming more cautious, supply is gradually increasing, and successful transactions increasingly d...
After two years of exceptionally strong price growth, limited supply and euphoria fuelled by the expected introduction of the euro, Sofia’s residential property market entered a new cycle in the first quarter of 2026.
The period was characterised by existing demand, but also by more moderate activity, as buyers and sellers reassessed their behaviour.
The market began ...
The first quarter of 2026 marks the beginning of a new stage in the development of Bulgaria’s property market, which is moving from a period of accelerated transactions in 2024–2025 into a phase of normalization, characterized by more mature and rational buyer behavior.
This shift is also visible in an analysis of nearly 15,000 real searches made between January and Ma...
