Properties listed at prices higher than market prices will face challenges in finding buyers over the next 12 months. If so far the market has been dominated by sellers and some of them managed to close deals at higher levels as a result of the general euphoria, this will be difficult to achieve in 2025.
“The upcoming 2025 will balance the ratio between buyers and sellers. Buyers will not be under the pressure of the constant price increase, they will choose carefully among the offers and will be especially vigilant towards homes whose price is inflated and does not correspond to the qualities of the property. This will put sellers, especially those on the secondary market, in the need to be competitive, and the correct valuation of the property will be key to the realization of the deals,” says Yavor Peychev, CEO of Imoteka.
A stable and active market is expected in 2025, with the number of transactions in the country remaining stable and a single-digit growth in property prices in regional centers. In regions with increased interest from buyers and construction entrepreneurs - and double-digit.
According to Yavor Peychev, bank lending will continue to be available at least in the first six months of the year, which will further stimulate transactions. The country's entry into the eurozone is likely to cause a new increase in prices.
"Traditional market processes will not have such an impact on prices in our country as Bulgaria's upcoming accession to the eurozone. If this happens as planned in July 2025, it is very likely that prices will show an additional increase," Peychev explains.