Real estate prices in Sofia have more than doubled for the past 14 months and they are expected to continue rising. 70% of the deals are for two- and three-room apartments. They are also the most expensive, Vasil Lyunchev, an analyst of the real estate market, told BNR.
"In March 2021, the average price of a 3-room apartment in Sofia was 80,000 euros. In May 2022, the price reached 175,000 euros. This is the average type of apartment most often sold in Sofia," Lyunchev says. High inflation encourages people to invest in property. But an expected rise in mortgage rates could cool the market down, experts say.
In the second quarter of 2025, Bulgaria recorded the second-highest GDP annual growth in the European Union with a rise of 3.4% compared to the same period last year, according to Eurostat data. Compared to the previous quarter of 2025, Bulgaria..
Bulgaria’s state budget for 2025 does not add up. “The genie is out of the bottle – the state has never spent at such a pace,” warn financial experts. With only a few months left in the year, and despite the strenuous efforts of institutions such as the..
Bulgaria’s state gas supplier Bulgartransgaz has been “decapitalised” by a contract with Turkish company Botaş, Energy Minister Zhecho Stankov warned on Thursday, saying the deal could also threaten gas supplies to local district heating companies...
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil,..
Overcast, rain
sunshine, cloud, rain and thunder
Rain