Experts predicted what awaits us in the labor market in the coming year.
According to the analyzes of the real estate portal Zimoti.com and the main trends discussed at a specialized forum, the real estate market continues to attract the interest of both local buyers and foreign investors.
The predictions for 2025 show that the housing sector will maintain its dynamism, supported by several main trends that determine the development of demand and supply of residential properties. This is reported by the Portal, which participated in the 10th National Conference “INSPIRE TO HIGHER 2024”, organized by the National Association “Real Estate”, Zimoti.com reported, quoted by Pariteni.bg
In recent years, there has been an increased interest in new and modern projects, especially in the prestigious areas of Sofia, according to the analysis. Buyers are looking for functional and sustainable homes that meet their high demands for energy efficiency and modern infrastructure. This trend is also supported by the growing attention to sustainable and ecological housing – consumers are increasingly looking for homes that are not only comfortable, but also environmentally friendly.
Property prices in 2024 have grown by over 10-15 percent. According to the experts discussed at the conference, the upward trend in prices is likely to continue in 2025, but with lower and smoother growth, with high-quality housing in key areas continuing to be the focus of buyers. The main preconditions for price increases include: low mortgage interest rates, increased demand and reduced supply of properties, Bulgarians returning from abroad, with remote work and high incomes looking for high-quality properties, internal migration to larger cities is reported in the analysis.
The real estate market in Sofia is significantly influenced by internal migration and by Bulgarians returning to their homeland. On the one hand, many young professionals prefer the capital for their professional and personal development, and on the other, many people return from abroad and continue to work remotely for their foreign employer, the analysis notes. Factors such as inflation and low mortgage rates have an additional impact, which gives significant motivation to those wishing to purchase a home. Bulgarians living abroad are also increasing their investments in properties in the country.
Legislative changes and interest
A possible rise in interest rates could limit the possibilities for mortgage lending, which in turn would lead to stabilization of price growth, but at the moment there are no prerequisites for increasing interest rates on mortgage loans in Bulgaria, the Portal points out and adds that the banks in Bulgaria has significant capital from deposits and is in a highly competitive environment, which rather leads to a decrease in interest rates.
Popular neighborhoods and sustainable projects
Sofia continues to develop modern neighborhoods with good infrastructure and green spaces that attract buyers with sustainable and ecological projects. The demand for energy-efficient and ready-to-move-in apartments is growing, with buyers increasingly choosing properties that are part of projects with modern construction technologies and environmentally friendly solutions.
Risks and challenges
Among the main challenges for the market remain the global economic instability and the potential rise in interest rates following Bulgaria’s accession to the Eurozone, which may lead to some caution among buyers. However, interest in metropolitan and seaside properties remains robust, with the rising cost of construction and the difficulty of finding skilled craftsmen driving up costs for builders.
The forecasts
The real estate market in Sofia in 2025. will continue to be dynamic, with price growth but also opportunities for buyers looking for sustainable and functional homes. Despite the uncertainty surrounding the global economy and the Eurozone, the market in Bulgaria shows positive prospects, as it will continue to attract interest to key areas in the capital and along the Black Sea, according to the analysis of the real estate portal Zimoti.com.
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What are the key indicators that suggest the Bulgarian real estate market will remain dynamic in 2025, and how might external factors influence this stability?
Great to have you on our show today, Mr. John and Ms. Sarah. As website editors for world-today-news.com, we’re thrilled to discuss with you the predictions about the Bulgarian real estate market in 2025 and how it’s likely to impact our lives.
John, you’ve studied the trends in the housing sector closely. What factors do you believe will maintain the dynamism of the housing sector in the coming years? How will the demand and supply of residential properties be affected by these trends?
Sarah, you mentioned that buyers are looking for sustainable and eco-friendly housing. Can you expand on this demand and tell us what new features or concepts are being introduced in the construction industry to cater to this trend?
We understand that mortgage rates have played a significant role in the price growth of properties. Mr. John, based on your analysis, do you foresee any potential shifts in the mortgage market that could impact the trajectory of price increases in the future? How might the introduction of new legislation impact the real estate market?
Moving on to popular neighborhoods and projects, Ms. Sarah, you mentioned that modern and sustainable neighborhoods are still in high demand. Can you talk about some of the key areas in Sofia that are seeing this demand and what makes them attractive to potential buyers?
Lastly, we’d like to explore some of the challenges and risks that the industry is facing. John, how might global economic instability or interest rate hikes affect the Bulgarian real estate market in the long run? And Sarah, can you tell us about the current labor shortages and how this is impacting the construction industry? What solutions might be proposed to alleviate these issues?
Would either of you like to add anything further or elaborate on these points, or is there a particular aspect of the Bulgarian real estate market that you’d like to discuss today?
