Bulgaria’s Secondary Property Market Shrinks Ahead of Eurozone Entry
The availability of properties on Bulgaria’s secondary market has declined, with expectations surrounding the country’s upcoming adoption of the euro playing a significant role. Many owners anticipate being able to sell at considerably higher prices once Bulgaria joins the eurozone and are therefore in no rush to finalize transactions, particularly if they have no immediate plans for the proceeds.
At the same time, some sellers, driven by urgent financial needs, are capitalizing on the current high prices to secure substantial profits....