Housing Prices Rise in Sofia, but Affordability Improves

Housing affordability in Sofia has improved since the pandemic, making it one of the few capitals in Central and Eastern Europe (CEE) to experience this positive trend, according to a report by Colliers International. The consultancy examined housing affordability from two key perspectives: the ability of an average salary earner to secure a loan from a bank based on monthly payments equaling 30% of their income, and the ratio between average apartment prices and annual incomes. In Sofia, strong wage growth has played a crucial role in enhancing affordability, with average wages nearly doubling compared to 2024.

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