Bulgarian house prices rise amid expectations of joining the eurozone in 2026 Property markets

Bulgarian house prices rise amid expectations of joining the eurozone in 2026

Property markets

04/16/2025

In the fourth quarter of 2024, Bulgaria recorded the largest increase in house prices in the European Union, according to Eurostat. Apartments and houses increased in price by 18.3% year-on-year. For comparison, in the eurozone, property prices increased by 4.2%, and in the EU by 4.9%.

Property brokers told Euractiv that the market is awash with cash transactions, and some of these funds may be linked to the shadow economy. One reason is that owners of large amounts of undeclared cash are trying to convert their funds into real estate before Bulgaria joins the eurozone. Placing money in Bulgarian banks will require disclosure of information about its origin.

 Over the past 15 years, housing prices in the country have more than doubled, by 115%. In recent months, the upward trend has accelerated amid growing expectations that Bulgaria will switch to the euro on January 1, 2026.

Source: Euractiv