Housing prices are rising in major cities in Bulgaria

The active development of the real estate market in Bulgaria began in 2008. The cost of housing, the volume of sales and the construction of new complexes gradually increased, which attracted the attention of investors from different countries. Today, increased investment interest is observed in the country's major cities: Sofia, Plovdiv, Burgas and Varna. Here, housing is purchased by both residents of the country and citizens of other countries.

In recent months, housing prices in Sofia, Plovdiv, Varna and Burgas have been creeping up. In Sofia, apartments have increased in price by 4.5% from December 2014 to June this year, and by 6-7% year-on-year: the average selling price of housing in Sofia has increased from 689 euros per square meter at the end of last year to 720 euros per square meter in June 2015.

The average price of apartments in Sofia is currently 75,000 euros. The most expensive and popular area of Sofia remains Lozenets, with the average transaction price here being 1,100 euros / 1 sq.m. Students' Town and Vitosha are also in demand.

In Plovdiv, housing prices increased by 3.3% in the first six months of this year to an average of 505 euros per sq. m. In Varna, prices rose to 695 euros per sq. m. (+3.4%), and in Burgas – to 510 euros per sq. m. (+4.5%).