In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to EUR 1,400. In Sofia and Varna, 1 square meter of residential space costs EUR 2,400, National Real Estate Association President Dobromir Ganev said in an interview with the Bulgarian National Radio.
In Sofia, the number of transactions in 2024 saw a 10% increase. The number of transactions in Varna and Burgas increased with 6% and 21% respectively. According to the expert, income growth, internal migration, low interest rates and limited supply are the factors contributing to the continued rise in property prices.
In Bulgaria, purchasing a 100 square meter apartment requires 199 average monthly salaries, in Greece 228, in Slovakia almost 300 and in Turkiye over 600 salaries, according to a comparative analysis by the platform VestBrokers.com. In Denmark, a new 100 square meter home can be purchased with 114 monthly salaries and in Ireland and Sweden, it can be bought with 123 and 129 salaries respectively.
The draft budget for 2025 proposes a deficit of 3%. The mid-term budgetary forecast targets a deficit of 3% up until 2028. The government debt is to increase to EUR 41.57 billion by 2028. The size of pension insurance is to be preserved in..
In 2025, the National Health Insurance Fund will be able to spend 1.2 billion leva (EUR 613 million) more on insured individuals, the draft budget of its Supervisory Board envisages. The health insurance contribution remains 8% of the insurable..
Bulgaria will meet the final criterion of price stability for entry into the eurozone by January. After that, politicians are in charge, Bulgarian National Bank Governor Dimitar Radev has told BNT. "Politicians must try to get the..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services..
Mostly Cloudy
Partly Cloudy