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Sofia's housing prices rose 15.5% yearly, making Bulgaria Europe’s second-fastest growing property market.
Sofia ranks 97th in Europe for housing prices, with outer-city apartments averaging 2,168 euros per square meter, according to a September survey.
The capital saw a 15.5% year-on-year price rise, making Bulgaria one of Europe’s fastest-growing property markets, second only to Portugal.
While Sofia exceeds 45 European cities in pricing, central areas like Ivan Vazov and Yavorov exceed 4,100 euros per square meter, while outer districts like Botunets average 791 euros.
Factors driving growth include rising incomes, low mortgage rates, high savings, and a housing shortage due to migration.
Prices are expected to continue rising, even after Bulgaria joins the eurozone.
Top European cities like Zurich, London, and Paris remain significantly more expensive.
Los precios de la vivienda en Sofía aumentaron un 15,5% anual, convirtiendo a Bulgaria en el segundo mercado inmobiliario de más rápido crecimiento en Europa.