Sofia Real Estate Market Report: H2 2024 Trends and Insights
- Nicole Banchevska
- May 27
- 2 min read
A Comprehensive Look at Sofia’s Residential Real Estate Sector
Vaisman Investment Group (VIG) is proud to release our in-house Sofia Real Estate Market Report for H2 2024, offering a strategic overview of the capital’s evolving residential property landscape.
As the market continues to shift, our analysis delivers timely and data-backed insights for investors, developers, and property professionals looking to make informed decisions.
Key Market Highlights from the H2 2024 Report
Record-High Sale Prices in Sofia Real Estate Market
Sofia’s residential real estate market reached new highs in H2 2024, with average sale prices rising to €1,930–1,980/m². This marks an 18.3% year-on-year increase, positioning Sofia among the fastest-growing housing markets in the EU.
Supply Tightens Amid Fewer New Completions
The supply of new residential units in Sofia dropped sharply, with a 21.4% decrease in dwelling completions compared to 2023. This slowdown was driven by increased construction costs, cautious developer sentiment, and a more selective permitting environment.
Surge in Mortgage Demand
Bulgaria’s housing credit sector expanded significantly. New housing loans rose by 36.5% YoY, and total outstanding mortgage debt grew by approximately 26%. Despite global uncertainties, interest rates remained stable at an average of 2.7%, keeping buyer liquidity strong.
Stable Rental Yields and Investor Confidence
Gross rental yields in Sofia held steady at around 4%, supported by consistent tenant demand and moderate rental price growth. This maintained investor confidence in rental assets despite rising property values.
2025 Outlook: Moderate Growth, Continued Strength
While double-digit price gains are expected to slow in 2025, analysts forecast continued upward pressure on prices due to limited supply in key districts and ongoing buyer demand. A forecasted GDP growth of 2–3% and stable employment will further support the real estate market.
Why This Market Report Matters
This Sofia Residential Real Estate Market Report is not just a snapshot but a strategic tool for:
● Real estate investors evaluating asset growth potential
● Developers planning future project pipelines
● Buyers and homeowners assessing timing and value
● Financial institutions analyzing lending trends
Released slightly later than competing reports, this H2 2024 edition offers a chance to reflect with greater clarity and will soon serve as a benchmark for our upcoming H1 2025 market outlook.
Download the Full Report
Access the full report and explore detailed charts, district-level analysis, and key economic indicators.
Stay tuned: The H1 2025 Real Estate Market Report is coming soon.
For inquiries and investment opportunities, contact us at [email protected]
Comentários