Citizens of Ukraine and Russia are among the top ten foreign buyers of housing in Bulgaria in 2024–2025, according to a study by the Experts Club analytical center and data from the Bulgarian Real Estate Association.
According to the study, the top 10 countries whose citizens are most active in buying real estate in Bulgaria are: Great Britain, Germany, Greece, Israel, Romania, Turkey, Italy, Russia, Ukraine, and Poland.
Foreigners account for a significant share of transactions in the housing market. According to one international analytical resource, the number of foreign buyers of residential real estate in Bulgaria in 2024-2025 has increased by approximately 18%, and the overall market is showing steady price growth. According to local experts, the percentage of foreigners in some coastal projects may reach 30% of the total number of buyers.
Foreign buyers are most interested in properties on the Black Sea coast – in Varna, Burgas, and Nessebar – as well as in the mountain resorts of Bansko and Pamporovo, where real estate is considered both for personal use and as an investment for rental.
Analysts note that Ukrainians have firmly established themselves in the top 10 due to a combination of relocation and investment demand: some buyers view Bulgaria as a safe EU jurisdiction during the war, while others see it as an opportunity to earn income from renting out property in tourist regions.
The growth in foreign demand is supporting price increases: over the past year, the cost of housing in Bulgarian seaside resorts has risen by an average of 8-10%, and in Sofia by 7-10%.
At the same time, according to estimates by the European Commission and a number of analytical reviews, housing in Bulgaria in 2025 is overvalued by approximately 10-15% relative to fundamental indicators, but experts are not yet talking about a critical “bubble” in the market.
In the next 2–3 years, Experts Club analysts expect foreigners to keep showing interest in Bulgarian real estate, but with a change in the demand structure: they estimate that the share of buyers from the EU, Ukraine, and Israel will grow, while the role of Russian buyers in new deals may continue to decline amid sanctions and capital movement restrictions.
According to data from the National Statistical Institute of Bulgaria and international reviews, in the second half of 2024, housing prices in the country rose by 15% year-on-year and by 87% compared to 2015. At the same time, the average price per square meter in the country remains significantly lower than in most EU countries, making Bulgaria one of the most affordable real estate markets in the Union for foreign investors.
Russian citizens traditionally account for a significant share of owners, especially on the coast. According to Bulgarian sources, in the Burgas region alone, more than 5,200 properties owned by Russians are officially registered, while across the country as a whole, there are several tens of thousands of properties. At the same time, in recent years, the share of new purchases by Russians has been declining, and some of the properties are being put on the market and bought by Bulgarian and Western European buyers.
Source: https://expertsclub.eu/rynok-zhytla-bolgariyi-analiz-vid-experts-club/
On November 21, the 5th Ukrainian Construction Congress, organized by the DMNTR media group, will take place in Kyiv. The event will take place at the Parkovy Conference and Exhibition Center (16A Parkova Road, 3rd floor) from 9:00 a.m. to 10:00 p.m.
According to the organizers, more than 6,000 guests and over 100 media representatives from Ukraine are expected to attend.
Theme and key areas
The main theme of the congress is “The Evolution of the Developer. Driving Factors.” The program of the event includes the following sections:
The Evolution of the Developer: Me, You, and Society;
– Competitive Advantages and Changes in Market Requirements;
– Resource Potential of Developers;
– Reputation as a strategic asset;
– Real estate market outlook for 2026;
– Leadership qualities in the construction industry.
Purpose and audience
The congress is aimed at developers, construction companies, architects, investors, government officials, and representatives of medium and large businesses.
“The event will allow participants to exchange experiences, discuss industry trends, and form strategic conclusions for 2026,” the organizers note.
Partners and media support
The event’s partners include leading companies in the construction sector: Kreator-Bud, Intergalbud, RIEL, Vlasne Misto, A Development, Saga Development, Zezman, DIM Group, METINVEST, UDP, Avalon, ODA Development, Sensar Development, Blago, Taryan Group, Stolitsa Group, Gefest, and others.
Interfax-Ukraine, FOCUS, LUN, and Delo are the information partners of the congress.
Additional information
The organizers offer the opportunity to participate as a VIP guest, speaker, or partner. Details are available on the official website ubc-ua.info or by phone at 044 461 91 28, email: info@dom-i.kiev.ua
The general partner of the event is Kreator-Bud.
Photos from the previous IV Ukrainian Construction Congress, which took place on June 4, 2025, are available at: https://photos.app.goo.gl/sBQ47QezCh8bM7DZ9
Interfax-Ukraine is the information partner
On November 10, the President of Uzbekistan met with medical and pharmaceutical workers, congratulating them on their professional holiday, Medical Workers’ Day.
Over the past five years, approximately $624,000 has been allocated to specialized medical centers, and thousands of pieces of modern equipment have been purchased. At the same time, the efficiency of its use is only 25%. The president emphasized the need to prioritize the development of digitalization, the modernization of clinical protocols, the introduction of advanced diagnostics and prevention, as well as the formation of professional teams in the regions.
Now, the directors of 26 specialized centers, heads of regional and district health care systems, and heads of family clinics will work according to monthly plans, visit problem areas and mahallas, analyze the causes of morbidity, propose solutions, and train local doctors. Daily meetings with healthcare managers will be held at the mahalla level, and each manager will be required to ensure attentive and prompt treatment of patients.
Starting in the new year, the procedure for appointing heads of medical institutions will change: the positions of director and chief physician will be separated, and entrepreneurs with management training and proven results will be eligible for leadership positions.
The incentive system will also be modernized: the best managers will be awarded titles, orders, medals, and cash bonuses of up to $2,497, and $41,000 will be allocated to improve the infrastructure of institutions. The best specialists will be sent abroad for training.
The development of medical education continues: faculties of general medicine are being opened, and residency and master’s programs in family medicine are being launched. Students will study free of charge and work as doctors at the same time, receiving a 150% salary bonus upon completion of their studies. Support for nurses has been strengthened: a Higher Academy of Professional Medicine is being created, quotas for higher nursing education are being doubled, and from 2027, the annual increase will be at least 20%, and nurses with higher education will receive a 100% salary bonus.
A new system of continuous professional development is being created, including distance learning, AI-based simulator training, and independent learning in the workplace. To this end, a Center for Continuing Professional Medical Education will be established.
The president noted that the private sector already provides about 30% of medical services, and the state is ready to expand public-private partnerships. Tax breaks on the import of equipment and ambulances will be extended for three years, part of the VAT will be refunded to private medical organizations, and entrepreneurs will be provided with a preferential credit line of $200 million to create modern multidisciplinary clinics.
In conclusion, the Head of State emphasized the importance of professionalism and dedication of medical workers, instructed to continue reforms, improve the quality of services, and introduce modern technologies, noting that this will make Uzbekistan’s healthcare system accessible and effective for all citizens.
PJSC “Ukrstal Construction” (Kiev) is interested in becoming a participant of infrastructure projects in Bulgaria, the company’s management said during a working meeting with the Deputy Minister of Economy and Industry of the Republic of Bulgaria Doncho Barbalov within the framework of a visit to this country as part of the Ukrainian business delegation.
According to the press release, Barbalov emphasized that Ukraine is an important economic partner of Bulgaria and that the Bulgarian Ministry of Economy and Industry attaches great importance to the development of bilateral economic relations, seeking to expand them.
The participants of the meeting discussed the prospects of investment cooperation, industrial clusters and industrial zones in Bulgaria, paid attention to practical aspects of cooperation within the framework of the North-South transport corridor and the possibility of municipal investment programs. At the same time, representatives of Ukrstal demonstrated to the Bulgarian management and representatives of Bulgarian business its production capacities and its own realized projects in metallurgical, energy, oil and gas industries, infrastructure and commercial construction, construction of logistics hubs, told about the achievements and the possibility of further expansion of its own industrial parks on the basis of our plants.
“The leaders of ”Ukrstal Construction“ expressed great interest and willingness to become reliable and experienced partners of construction, energy, industrial and logistics companies in Bulgaria in the creation of transport and logistics corridors, the implementation of infrastructure facilities – bridges, terminals, airports, modernization of energy, the introduction of innovative technologies, in commercial construction,” – stated in a press release.
The Deputy Minister of Economy expressed hope that as a result of the delegation’s visit to Bulgaria concrete projects will be realized, and the Ministry of Economy and Industry will remain available to provide assistance within its competences.
As part of the program of visits on November 12-18, working meetings of the company’s management were also held in the National Assembly (Parliament) of the Republic of Bulgaria, in the Ministry of Transport and Communications, the Ministry of Energy, the Chamber of Commerce and Industry, with the municipality and the management of the Port of Burgas.
Investment opportunities, state incentives and presentation of Ukrainian initiatives, creation of industrial parks and hubs were the main topics of meetings with the Agency for Management of Industrial Zones in Bulgaria and with the Bulgarian Investment Agency, the press release said.
PJSC “Ukrstal Construction” (Kiev) is the managing company of a group of plants, including metal construction plants “Ukrstal Dnipro”, “Ukrstal Zhytomyr”, “Ukrstal Zaporizhzhya” and experimental-mechanical plant “Metalist”. The main type of economic activity is production of building metal structures and parts of structures.
According to NDU data for the third quarter of 2025, JSC “Closed non-diversified venture corporate investment fund ‘Rift’ owns 99.6116% of shares of PJSC ”Ukrstal Construction”. The ultimate beneficiary (controller) of the fund is listed as Vitaliy Haiduk.
Developer Standard One has announced the launch of a new investment and residential project in Kyiv, an apartment building on the left bank of the Dnipro River called S1 Poznyaki, with 756 apartments, according to the company’s press service.
“S1 Poznyaki is our new and largest project to date. We are expanding our network of apartment buildings and entering a new scale in Kyiv,” said Standard One Commercial Director Nadiya Rybakova, whose words are quoted in the press release.
She noted that the project is based on the build-to-rent model, which has been operating for many years in the first building of the network, S1 VDNG. The building is designed with a focus on liquidity. Most of the apartments are compact studios, which are in high demand on the rental market.
The projected profitability of the project is 8-12% per annum in dollars, and the capitalization potential during the 2-3 years of construction is up to 40% in currency.
The S1 Poznyaki complex is located in the Poznyaki microdistrict of the Darnytskyi district of Kyiv. The building has 24 floors: the first two floors will have 7,000 square meters of commercial space, and floors 3 to 24 will have 756 apartments for rent. About 80% of the apartments are one-room apartments, mainly studios with an area of 35 square meters.
The apartments are being built with white box renovations and will be ready for furnishing and rental after the keys are handed over. All operational obligations are assumed by the internal income property management company S1 Property, such as cleaning, repairs, installation of equipment, search for tenants, signing of contracts, monitoring of the condition of the apartments, and administration. Everything works through a single service.
The building will have a generator to provide electricity if necessary and its own roof boiler room to provide water and heat. During a blackout, in particular, the building will remain completely autonomous for two days. Guest parking for 360 cars is provided. The complex is equipped with a shelter and an access control and video surveillance system, as well as physical security.
The nearest metro station, Poznyaki, is a 2-3 minute walk away, and nearby is Lake Sribny Kol with walking areas, a park, a promenade, and sports grounds. Within a few minutes’ radius are schools, kindergartens, supermarkets, cafes, and all the necessary infrastructure for a comfortable life.
The lobby, with an area of about 500 square meters, features a coworking space, lounge areas, and its own cinema space. Several community spaces have been created, and there is a gym, as well as spaces for fitness, Pilates, yoga, and TRX. A laundry room is available for everyday needs.
Commercial premises are allocated for a supermarket, coffee shop, pizzeria, pharmacy, dental clinic, and office space.
Standard One (S1) is a full-cycle development company that has been developing the build-to-rent real estate segment in Kyiv since 2016. Its portfolio includes the completed S1 VDNG project and the new S1 Obolon, S1 Terminal, S1 Nyvky, and S1 Poznyaki buildings.
On November 13, 2025, the first meeting of the Council of Ministers of Trade and Investment of Central Asian countries and Azerbaijan was held in Tashkent.
The event was aimed at strengthening practical cooperation between the countries of the region in the areas of trade, investment, and industrial cooperation, as well as implementing joint initiatives to increase mutual trade and create cooperative production facilities.
Particular attention was paid to the creation of working tools to increase trade turnover between the countries of the region to $20 billion, the formation of joint production sites under the “Made in Central Asia” brand, as well as the involvement of international financial institutions and large investors in the implementation of joint infrastructure and industrial projects.
It was noted that mutual trade between Uzbekistan and the countries of Central Asia is showing steady positive dynamics. While trade turnover amounted to $3.2 billion in 2017, by 2024 it had more than doubled, reaching $6.9 billion. In particular, trade turnover with Kazakhstan is approaching $4 billion, with Kyrgyzstan — $700 million, with Tajikistan — exceeding $570 million, and with Turkmenistan — more than doubling over the past five years to $1.15 billion. Trade with Azerbaijan has also shown significant growth, up 13% since the beginning of the year.
During the meeting, the need for further optimization of customs and border procedures, synchronization of transport and logistics infrastructure, and the creation of industrial hubs capable of uniting the production chains of the countries in the region was also emphasized. Particular attention was paid to issues of industrial cooperation, joint development of raw material and technological potential, and the development of exports of finished products with high added value.
Following the meeting, a joint communiqué was signed, setting out key agreements on deepening economic cooperation, developing cooperation and joint production, and creating new mechanisms for investment interaction.
