Real estate agents warn that the rates at which real estate prices are going up in Bulgaria are outpacing the rise in household incomes, and that this could result in an inability to pay off credits.
Last year the prices of real estate rose by 20%, but in 2022 experts expect the market to calm down and prices to continue to rise by no more than 5%-6%. The new construction market is beginning to get back to normal unless the rise in the prices of building materials continues. Analysts say that if, by mid-2022 interest rates start to rise, that would be the first indication that the price escalation rate will probably slow down.
Demand remains higher than supply, as interest is mostly in two-room homes for investment, and three or four-room homes for own use. Experts advise buyers to pay attention to the price and to calculate their long-term repayment capacity.
The Bulgarian Socialist Party (BSP) will not participate in talks with the Movement for Rights and Freedoms (DPS) for the second cabinet-forming mandate, the party's press centre said. The position of BSP is addressed to the chairman of the..
The Chairman of the GERB-SDS Parliamentary group, Boyko Borissov, sent an official refusal to the Movement for Rights and Freedoms (DPS) and confirmed the coalition's position that they will not participate in negotiations to form a government with..
The Movement for Rights and Freedoms (DPS) is against the attempts of the anti-European and pro-Russian parties to play with the topic of "referendum for the euro". In a position published by the press center of the DPS, the chairman..
The largest archaeological campaign ever conducted on Perperikon has begun, BTA reports. Prof. Nikolay Ovcharov, head of the research at..
After 17 MPs from the Movement for Rights and Freedoms, MRF, were expelled, among them the party’s other co-chair Dzevdet Chakarov, MRF MP Ahmed..
Greece’s Minister of Defence Nikos Dendias announced that Greece, Bulgaria and Romania are to establish a military mobility corridor in NATO’s Eastern..
Clear
Partly Cloudy
Partly cloudy, chance of rain