Housing Prices Rise in Sofia, but Affordability Improves
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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....Weiter zum vollständigen Artikel bei Novinite
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