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Bulgarian real estate market overcomes the crisis

published on 12/3/20 7:21 PM

Photo: BGNES

Property transactions in Sofia have increased by 20% in September compared to 2019, and in the whole country by 13%. The real estate market has recovered after the blow in the spring, said the mayor of Sofia Yordanka Fandakova at the opening of a three-day virtual exhibition for construction, innovation, real estate and investment.

Fandakova referred to the assessment of the credit rating agencies, according to which Sofia has a stable outlook and a credit rating equal to the state credit rating. This provides an opportunity for better conditions for financing the priority Sofia city projects for the expansion of the subway, the completion of the waste management system and the construction of 10 strategic sites to facilitate traffic, BTA reported.

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Radio Bulgaria Economy property real estate real estate market Yordanka Fandakova

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