Property Market Cools in Bulgaria’s Big Cities, But Rent Prices Remain Inflated
Real Estate
The Bulgarian property market appears to be cooling off in the major urban centers, with growth slowing and rental prices increasingly seen as disconnected from actual value. Though official figures from the National Statistical Institute for the first quarter are not yet published, preliminary estimates suggest a modest rise in prices - between 5% and 8% - in select large cities, according to Dobromir Ganev of the National Real Estate Association, speaking to BNR. This moderation in price
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