Properties listed at prices higher than market prices will face challenges in finding buyers over the next 12 months. If so far the market was dominated by sellers and some of them managed to close deals at higher levels as a result of the general euphoria, then in 2025 this will be difficult to achieve.
“The upcoming year 2025 will balance the ratio between buyers and sellers. Buyers will not be under the pressure of the constant rise in prices, they will choose carefully among the offers and will be especially vigilant towards homes whose price is inflated and does not correspond to the qualities of the property. This will put sellers, especially those on the secondary market, in a position to be competitive, and the correct valuation of the property will be key to the realization of the deals”, says Yavor Peychev, Executive Director of Imoteka.
A stable and active market is expected in 2025, with the number of deals in the country remaining stable and a single-digit growth in property prices in regional centers. In regions with increased interest from buyers and construction entrepreneurs - even double-digit.
According to Yavor Peychev, bank lending will continue to be available at least in the first six months of the year, which will further stimulate deals. The country's entry into the eurozone may cause a new increase in prices.
“Traditional market processes will not have such an impact on prices in our country as Bulgaria's upcoming accession to the eurozone. If this happens as planned in July 2025, it is very likely that prices will show an additional increase,” explains Peychev.
Detailed statistics on average property prices in Bulgaria by city and neighborhood can be seen HERE