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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.

In September 2024, the Central Bank of the Republic of Bulgaria (Bulgarian National Bank - BNB) adopted new measures, which come into force on October 1.

Changes in mortgage lending are aimed at stabilizing the real estate market and reducing risks for the country's financial system. These measures apply to both borrowers and banks, ensuring a more stable economic environment. Let's take a look at the main changes and their impact on the mortgage market and homebuyers.

Deloitte's new report for Property Index, which analyses the European real estate market and beyond, shows that Bulgaria has the largest housing stock per capita. The study covers 69 cities in 24 countries.

According to experts, there are 668 dwellings per 1000 inhabitants in Bulgaria. Bulgaria is followed by Spain with 559 housing units per 1000 inhabitants and France with 553 per 1000 inhabitants.

The company Post Office Travel Money has once again published the results of the analysis of the most budget holiday destinations. The study involved 40 resorts and cities. In 2024, the Bulgarian resort of Sunny Beach, which has held leading positions in the world and European rankings for many years, became the seventh. Vietnam was recognized as the cheapest resort. 

In recent years, Bulgaria marked a trend of the growing demand for agricultural land suitable for organic farming. The number of transactions for sales and purchase as well as rent of plots has also been growing. This is connected with the increasing interest of modern society in healthy nutrition, as well as with numerous studies that confirm that fruits and vegetables produced with the use of artificial fertilizers cause health issues.

In the second quarter of 2024, Burgas became the leader in the growth of real estate transactions in Bulgaria. In Burgas, new and resale market studio apartments and flats, houses, land plots, and townhouses are actively sold. Apart Estate presents an analysis of statistics from the Burgas Real Estate Registration Agency comparing it with other cities in Bulgaria. 

For the first time in 2024, Bulgaria entered the group of high-income countries. The corresponding data was published in the World Bank report. What does this mean, how does the World Bank determine which countries have high incomes, and whether this can affect the real estate market – the article of the Apart Estate agency covers all these questions.