The Real Estate Market in Bulgaria
Homes
Home prices rose 15.5% in the year to the second quarter of 2026 and 4.5% on the previous quarter, according to the National Statistical Institute.1
Source: BTA: Home prices rise 15.5% in Q2 2026, NSI (23 September 2026)1
Prices in Burgas fell 1.5% on the quarter. Permits for 11,499 new homes were issued in the second quarter of 2026; see construction.3
Commercial property
- Investment volumes in 2025 were €360–391 million, depending on the adviser, across 26 deals in offices, hotels, retail and logistics.
- Bulgarian investors made 68% of purchases, the highest local share in Central and Eastern Europe.
- Sofia has about 2.2 million m² of modern office space.
Source: Bulgaria for Business: Commercial real estate market analysis 2025–20262
| Asset | Prime yield, 2025 |
|---|---|
| Offices (Class A) | 7.50% |
| Shopping centres | 7.75% |
| Retail parks | 7.25% |
| Industrial and logistics | 7.50% |
Source: Bulgaria for Business: Commercial real estate market analysis 2025–20262
Yields are 150–300 basis points above comparable Central European markets. Some advisers expect them to fall by 75–150 points within two to three years of euro adoption, as happened elsewhere.2
Buying property
Who can buy, the buying process, costs and taxes are explained in the real estate guide. For rents and prices, see residential property and office space.
Frequently Asked Questions
How much did home prices rise in Bulgaria in 2026?
Home prices in Bulgaria rose 15.5% in the year to the second quarter of 2026 and 4.5% from the previous quarter, according to the National Statistical Institute.
Which Bulgarian cities had the biggest home price increases in Q2 2026?
In Q2 2026, home prices rose 5.8% in Plovdiv, 2.9% in Stara Zagora, 2.8% in Varna and 2.4% in Sofia. Prices in Burgas fell 1.5%.
How much was commercial property investment in Bulgaria in 2025?
Commercial property investment in Bulgaria reached €360–391 million in 2025, depending on the adviser, across 26 deals in offices, hotels, retail and logistics. The headline figure is €391 million.
What are prime commercial property yields in Bulgaria?
In 2025, prime yields were 7.50% for Class A offices, 7.75% for shopping centres, 7.25% for retail parks and 7.50% for industrial and logistics property. These yields were 150–300 basis points above comparable Central European markets.
What share of commercial property purchases in Bulgaria came from local buyers?
Bulgarian investors made 68% of commercial property purchases in 2025, the highest local share in Central and Eastern Europe. The market covered offices, hotels, retail and logistics.
Sources
- BTA: Home prices rise 15.5% in Q2 2026, NSI (23 September 2026)
- Bulgaria for Business: Commercial real estate market analysis 2025–2026
- BTA: Permits for new residential buildings rise 8.2% in Q2 2026 (3 August 2026)
Figures checked 13 October 2026. Prepared by InvestBulgaria for general information. It is not investment, tax or legal advice; please confirm details with a qualified adviser before acting.
