News

A new increase in property prices in Bulgaria may be caused by changes in the VAT Law, which stipulate that individuals must pay the state 20% when selling a new construction property.

In the prestigious ranking of the New York Times, which publishes a list of the best places to travel every year, Bulgaria took one of the places of honour in 2025. This news confirms the growing interest in Bulgaria, which is becoming increasingly popular among travelers from all over the world.

From the beginning of 2025, new prices for issuing personal documents, including identity cards and passports, came into force in Bulgaria. This amendment affected both Bulgarian citizens and foreigners living in the country.

Bulgaria is in the final phase of preparations for joining the Eurozone. The country meets all the necessary criteria, including low inflation, a sustainable budget deficit and a minimal debt-to-GDP ratio. If the current dynamics are maintained, Bulgaria will become part of the Eurozone in the coming years, opening new horizons for its economy and citizens. This will happen in 2025. or the beginning of 2026, the exact date has not been determined, will be approved by a decision of the Council of the EU.

On 16 December 2024, the modern cadastral and administrative information system of the Geodesy, Cartography and Cadastre Agency (GGCC) will be operational in Bulgaria. The new platform is a revolutionary step in streamlining real estate work by making the process of obtaining cadastral documents as fast, convenient and accessible as possible. 

On January 1, 2025 Bulgaria officially became a full member of the Schengen area. This means that checks are no longer carried out at the internal land borders between Bulgaria, Romania and the other Schengen countries. This decision was made after a long wait that started in 2011, and it was made possible by the lifting of the veto by Austria.

The Institute for Market Economy (IMI) publishes its annual report "Regional Profiles 2024", which carefully examines the economic and social indicators of 28 regions of the Republic of Bulgaria. Based on more than 80 criteria, the report highlights the achievements of individual regions as well as highlighting growing disparities between regions.

Bulgaria's economy continues to grow. Although Sofia remains the key city with 41% of GDP, cities such as Plovdiv and Stara Zagora show impressive results.

Sunny Beach continues to hold the leadership among the most sought-after resorts in Bulgaria for buying properties by the sea. Buying an apartment on the Black Sea is popular both among Bulgarians themselves and among foreign investors who want to buy a second vacation home.

In 2024 real estate prices in Burgas have seen a noticeable increase. The prices of apartments in all major districts of the city have increased as of September this year compared to the same period last year, Investor.bg reports, citing data from the Imoti.net real estate portal.

Market activity is also confirmed by data from the Transaction Registration Agency: in the second and third quarters of 2024. Burgas became the leader among Bulgarian cities in terms of the number of real estate transactions.

The real estate market in Bulgaria is showing strong growth, especially in the coastal cities, where Burgas occupies a leading position. In the second quarter of 2024, the number of registered real estate transactions in Burgas grew by 43.1% on an annual basis, which is the highest level for the country.