Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Experts report a decline in real estate transactions, but not in prices

Photo: Veneta Nikolova, BNR

There is a 12% decrease in the volume of transactions for the sale of real estate and an increase in prices by almost the same percentage. This is what experts in the field of real estate report at the annual conference of agents and brokers, which took place in Burgas on November 3-4, reported BNR correspondent in Burgas Daniela Kostadinova. Despite the drop in the number of transactions, compared to 2021, as well as new construction, where they report a 50% drop, prices are not falling due to greater demand. 

According to the chairman of the branch association, Alexander Boychev, there are no artificially inflated prices in the sale of real estate, and the homes are massively sold before the buildings are built.

In Sofia, the average prices are currently around 1,500 euros per square meter, and in some places they reach up to 4,000. Prices vary according to quality, neighborhoods and transport accessibility.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The first female president of Mexico has Bulgarian roots

For the first time in the history of Mexico, a female president, Claudia Sheinbaum, is at the head of the country. "For the first time in the 200-year history of the republic, I will be the first female president of Mexico,"..

published on 6/3/24 3:03 PM
President Rumen Radev (L) and Ivan Nikolov, June 3, 2024.

Chairman of the Bosilegrad Cultural Centre receives Bulgaria's highest decoration

"Bulgaria is the main driving force behind the European integration of the Western Balkan countries because we are aware of how important this integration is for the security, stability and sustainable economic development of the region," said..

published on 6/3/24 12:54 PM

"The Times: Bulgarians exploited the computer that said ‘yes’

In a major article entitled "Bulgarians exploited the computer that said 'yes'" , The Times says that the British nation owes gratitude to Inspector Vassil Panayotov for exposing the gang of Bulgarian fraudsters who took advantage of the "generosity..

published on 6/3/24 12:34 PM