Housing in Canada

The Bulgarian real estate market has seen a notable increase in both prices and transaction volume in the past quarter, according to real estate broker Dimitar Kalajjiev in an interview with Radio "Focus." He highlighted that the current demand for properties surpasses the supply, maintaining strong interest in home purchases.

Tenants in Bulgaria are increasingly seeking furnished apartments in newly constructed residential buildings, according to real estate brokers. These modern developments offer several advantages, such as attractive designs, efficient room layouts, and improved energy efficiency.

While boosting the housing stock is recognized as the only way to control real estate prices, the state remains the owner of the largest stock of vacant real estate.

It's time to find a way to put half a million state-owned properties back on the market. Not only for the sake of the revenue that will end up in state coffers, but also to deal with the scourge of unaffordable housing.

Based on available provisional data from the Bank of Greece, it is estimated that in the second quarter of 2024, apartment prices (in nominal terms) were up by an average of 9.2% compared to the corresponding quarter of 2023.

Developers are waiting to see and analyze the direction loan rates will take in 2025 before launching new projects in the housing market, which has experienced a plunge in sales for months.

Currently, both consumer and construction companies are in the wait-and-see mode in an environment of high inflation and high interest rates.

The number of uninhabited housing in Bulgaria is growing. They are 1,220,416 or more than 31 percent of all homes in the country, the Ministry of Regional Development and Public Works (MRDPW) announced.