Analyst Warns of Potential Speculative Property Price Surge in Bulgaria Amid Eurozone Entry

Petar Mastikov, Chief Analyst at the Bulgarian National Registry for New Constructions and Reconstructions, has sounded a cautionary note, expressing concerns over a possible speculative surge in property prices across Bulgaria once the country enters the eurozone. Mastikov envisions a short-term upswing, less intense than the notable peaks observed in the past two years, followed by a subsequent stabilization in the real estate market. For the year 2024, he projects a growth range of 2% to 5%, citing the impending eurozone entry and full Schengen membership as driving factors.

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