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Bulgaria's Cash Property Boom: 70% Deals Amid Eurozone Shift

4/13/2025

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Summary

Story summary

In Bulgaria, a striking 70% of property transactions are made in cash, diverging from the European trend of 80-90% credit deals. Since early 2025, property prices have surged by 6%, fueled by unofficial income and "gray" money. With a 30% rise in mortgage lending, cash remains king, and the market is poised for further growth as Bulgaria prepares to join the eurozone.

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Story summary

In Bulgaria, a striking 70% of property transactions are made in cash, diverging from the European trend of 80-90% credit deals. Since early 2025, property prices have surged by 6%, fueled by unofficial income and "gray" money. With a 30% rise in mortgage lending, cash remains king, and the market is poised for further growth as Bulgaria prepares to join the eurozone.