Bulgaria has one of the largest housing stock per capita

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.

According to the Bulgarian National Statistical Institute, the number of dwellings in Sofia has increased over the last 10 years from 158 838 to 768 046 units. On average, 43 new properties are added in the capital every day, which shows the active growth of the sector.

At the opposite end of the ranking is Greece, where there are 287 dwellings per 1000 inhabitants. Israel also showed one of the lowest levels, with 295 apartments per 1,000 people. By comparison, the UK figure is 374 apartments per 1,000 inhabitants.

If we talk about the countries with the largest housing stock, Germany tops the ranking with a record 43.6 million apartments. France is the largest country by size with 37.8 million homes, followed by Spain with 26.8 million homes.

Slovenia now has the smallest housing stock at just 800,000, followed by Japan with 2.1 million, then Slovakia and Hungary with 2.2 and 2.6 million housing units respectively.

The average for all cities surveyed was 457 apartments per 1,000 residents. Nine of the eighteen European countries included in the report are above this threshold.

Bulgaria continues to be attractive for investors. Of particular interest are apartments in major cities such as Sofia, Varna and Burgas, as well as in the Black Sea resorts, where the properties bring a stable income to the owners. The main buyers remain Bulgarian citizens, but in recent years there has been a growing interest of investors from Israel, Europe and Ukraine.

Among all Bulgarian cities there is a significant annual increase in rental prices: Burgas is the leader with an increase of 125.8%, followed by Sofia with 98.1% and Varna with 66.8%.

Thus, Bulgaria demonstrates not only a growing housing stock, but also attractiveness for investors due to stable demand for real estate and rising rental prices.