Bulgaria’s real estate market in 2026: Moderate growth, an end to panic buying

In 2026, Bulgaria’s real estate market is entering a phase of more moderate and predictable growth after the peak years of 2024–2025, predicts Petar Mastikov, Chief Analyst at the National Register for New Construction and Renovations, in an interview with BTA. An end to so-called “panic” buying is expected, along with more rational behavior on the part of buyers, which will curb double-digit price increases.

Analysts forecast a rise of between 5 and 10 percent in 2026 compared to 2025, when the average price per square meter of residential space in the capital Sofia exceeded €2,300. The increase will be driven mainly by rising costs of construction materials and labor, further influenced by the introduction of the euro.

New construction will remain the main driver of the market, especially in Sofia and other major cities, with the focus on one- and two-bedroom apartments.

Interest in houses continues to grow, particularly in settlements around leading cities, while holiday properties are also maintaining an upward trend.

High construction activity and Bulgaria’s accession to the eurozone are creating a stable foundation for the sector. Overall, the outlook for 2026 is positive, though without sharp price surges, the analyst believes.

Edited by Tsvetana Toncheva
English: R. Petkova