Transactions in Sofia fell by around 17% in Q2, but average prices held at about €2,700 per sq.m, according to Bulgarian Properties — Newsletter/Market Reports.
According to Bulgarian Properties — Newsletter/Market Reports, the Bulgarian property market is entering a calmer, more balanced phase after more than two years of exceptionally strong activity, partly fuelled by expectations around the country's adoption of the euro. Polina Stoykova MRICS, Managing Director of Bulgarian Properties, discussed the trend in an interview on Euronews Bulgaria. In her view, many buyers brought their purchases forward in 2025, so the current slowdown is a return to more sustainable levels rather than a downturn. Second-quarter data shows that residential transactions in Sofia are down by around 17%, while nationwide volumes are 15–20% lower than a year earlier. Despite this, average prices in the capital were virtually unchanged compared with the first quarter, at around €2,700 per sq.m, a level that appears to be acting as a psychological threshold for buyers. Average prices are around €2,000 per sq.m in Varna, €1,800 in Burgas and €1,700 in Plovdiv, which suggests that high price levels are no longer confined to the capital. The source does not see strong signs of a significant correction: construction costs keep rising, which supports prices of new-build homes and the wider market. Prices are expected to keep growing, but at a much slower pace of roughly 0–5% per quarter, compared with the double-digit growth of recent years. In Sofia, the highest values are in the centre and the southern districts, while Lozenets, Krastova Vada, Malinova Dolina and Manastirski Livadi-East are among the fastest-growing areas. Three-bedroom apartments now account for the largest share of completed transactions, pointing to more long-term purchasing decisions. This article is a factual summary of market commentary and does not constitute investment advice.