Call
Send Email
Messenger
WhatsApp
Sofia Housing Market in Q1 2026: Market report by BULGARIAN PROPERTIES
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 to change as early as the end of 2025, when the first signs of a declining transaction volume were observed. At that time, however, this was combined with accelerated price growth ahead of Bulgaria’s entry into the eurozone. In the first months of 2026, in addition to a decline in the number of transactions, we are witnessing a slowdown in the pace of price growth and an increase in supply.
See all offers in Sofia
Property Prices: Growth Is Slowing Down
In the first quarter, the average price of actual transactions in Sofia stood at ˆ2,680/sq.m., according to BULGARIAN PROPERTIES. This is a slight decrease compared with ˆ2,790/sq.m. at the end of 2025, but it still represents annual growth of around 29% compared with the average price of ˆ2,080/sq.m. at the beginning of 2025.
The average final price of purchased apartments reached ˆ217,500, compared with ˆ150,000 at the beginning of 2025.
Sales Volumes: Decline Compared with the Peak Year of 2025
According to data from the Registry Agency, 7,529 transactions were registered in Sofia in the first quarter — 12.3% fewer year-on-year. These are the first figures showing a decline in transactions since 2022 and 2023. Both then and now, this decrease is largely due to peak sales levels in the preceding year and the subsequent cooling of the market.
The market is returning to a more sustainable rhythm. Buyers are more cautious, but demand remains present, while sellers are adapting to the new reality.
Send us an enquiry about the full report
See all offers in Sofia
Read more news
More News
Bulgaria’s capital has topped the European Best Destinations ranking, putting Sofia in the international spotlight as an exciting place to visit, live and invest in property.
Sofia has been named Europe’s Best City Break Destination for 2027, taking first place in the prestigious ranking by European Best Destinations.
The Bulgarian capital emerged as the...
Bulgaria's property market is entering a more balanced phase, with price growth slowing but no signs of a market crash. At the same time, the country's entry into the eurozone is creating new opportunities to attract international property buyers and investors. These were among the key messages shared by Polina Stoykova MRICS, Managing Director of BULGARIAN PROPERTIES, during an inte...
We are entering the final quarter of the year – traditionally one of the most important periods for the property market.
Following the summer months, September brought the market back to its usual rhythm. Buyers are active again, sellers are moving ahead with their plans, and quality, correctly priced properties continue to find their new owners.
One of the key trend...
We are welcoming Autumn with encouraging signs from the Bulgarian property market! 🍂🏡
August, traditionally one of the quietest holiday months of the year, brought a noticeable increase in activity. The market once again demonstrated that when attractive properties are offered at the right price, buyers are ready to act and transactions can happen quickly.
