October 10 2023

Sofia is among the fastest growing real estate markets in the world

Compared to 107 cities worldwide, Sofia managed to rank ninth in terms of the fastest house price growth in the second quarter, according to Knight Frank's Global Residential Cities Index. This significant result highlights the dynamic growth of the real estate market in the capital and the country as a whole. With a year-on-year growth rate of 8.8%, Sofia surpasses some European and global capitals, such as the Icelandic capital Reykjavik, and ranks just after Budapest.

The most impressive results were achieved in Ankara and Istanbul, which top the list with house price growth of 105.9% and 85.1%, respectively. This accelerated growth rate makes them global leaders in the real estate market. With a steady increase in house prices, cities like Dubai, Vilnius, Zagreb, Jerusalem, and Athens also show impressive figures, placing them in the top 10 cities with the fastest housing price growth in the second quarter.