Call
Send Email
Messenger
WhatsApp
Sofia Housing Prices Keep Rising as Buyers Face Limited Supply Ahead of Euro Adoption
Experts say Bulgaria’s entry into the eurozone does not automatically drive property prices upward, although the market remains under pressure. Polina Stoykova, executive director of BULGARIAN PROPERTIES, told NOVA NEWS that the market has cooled slightly in the second half of the year, following the initial surge in buyer interest after the announcement that Bulgaria would join the eurozone on January 1. She stressed that property transactions are still taking place, but the earlier euphoria has subsided.
In Sofia, prices have continued to rise, with Stoykova noting that the average price reached ˆ2,310 per square meter in the third quarter, nearly ˆ500 higher than the same period last year. She explained that while prices cannot increase arbitrarily without attracting buyers, there are still many listings that have remained unsold for extended periods.
Financial consultant Deyan Vassilev highlighted the tension between demand and supply in the market, recounting his personal experience of quickly losing opportunities to purchase homes due to strong buyer interest. He noted that many property owners are holding onto their assets in anticipation of eurozone-related price growth, creating a shortage of available homes. Vassilev also pointed out that Bulgarians tend to live in smaller homes compared with other countries, and demand is largely concentrated in the four largest cities rather than nationwide.
View our properties in Sofia
Read more news
More News
Summer is in full swing, and the property market in Bulgaria continues to offer excellent opportunities for those who stay informed and act at the right time.
June brought valuable market insights and in-depth analysis, confirming that the market is moving into a more balanced phase. Buyers are becoming more selective, supply is gradually increasing, and successful transactions inc...
After several years of steady price growth, increased investment demand and more active participation from both Bulgarian and international buyers, in 2026 the holiday property market in Bulgaria is entering a more mature phase. The main resorts along the Black Sea coast and in the mountain destinations continue to form the core of supply and demand, but the market dynamics are now shifting from “...
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...
