Bulgaria · Europe · Population: 1,300,000
Sofia is relatively affordable for homebuyers, with rapidly rising prices driven by strong demand. The city has affordable rents compared to global standards. At $120,000 average home price in Bulgaria, buyers should consider the 6.2x price-to-income ratio when planning a purchase.
| Average Home Price | $120,000 |
| Price per sqm | $2,200 |
| Price-to-Income Ratio | 6.2x |
| Mortgage Rate | 5.5% |
| 1-Year Price Change | +8.5% |
| 1-Bedroom Apartment | $450/mo |
| 3-Bedroom Apartment | $750/mo |
| Rent-to-Income Ratio | 22% |
| Median Household Income | $19,000/year |
| Years to Buy (at median income) | 6.2 years |
| Local Currency | BGN |
With a price-to-income ratio of 6.2x, Sofia offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 8.5% in the past year.
Cities worldwide with home prices closest to Sofia
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