Bulgaria Records Highest Home Price Increase in Europe: Record Rise of 16.5%

Lebanon Today

In a separate context, data issued by the official statistical survey tool of the European Union revealed that Bulgaria recorded the highest growth rate in real estate prices among EU countries during 2024, with an increase of 16.5%.

Experts attribute this remarkable increase to several economic and social factors, most notably the decrease in interest rates on mortgage loans, the rise in income and savings levels, in addition to citizens seeking to protect their money from the effects of inflation, as well as the country’s readiness to join the Eurozone in January 2026.

In this regard, financial expert Tihomir Toshev explained that “expectations of a continued rise in prices motivate buyers to rush to complete deals, making the market very active.” While expert Ivan Stoikov pointed out that the volume of housing loans has more than quadrupled over the past seventeen years, currently reaching 16.5 billion euros.

Despite this, analysts expect the real estate market to experience a slowdown in the volume of transactions after the transition to the euro, with expectations that prices will remain stable at current levels. Analysts confirm that Bulgarians are the main driver of real estate activity in the country, as foreign purchases do not exceed 1% of total transactions.