SE Europe Real Estate News – 07/02/24

SouthEast Europe Real Estate


The number of newly built residential buildings in Bulgaria decreased by 3.6% to 1,529 in the fourth quarter of 2023 on an annual basis, the statistical office said on Wednesday (Feb. 7). The highest number of residential buildings were constructed built in the district of Sofia ( 267 residential buildings), followed by Plovdiv ( 230) and Varna (174 buildings). 76.8% of the newly built residential buildings had steel-concrete construction, 19.5% had solid structure, 3.3% had ‘other’ and 0.4% had a panel.


Last year, less than 7400 foreigners decided to make real estate investments in Croatia according to the Tax Administration data, by mid-December 2023. The most traded real estate products are houses and apartments by the sea that serve as a personal vacation spot for the new owners, but often also for rental and additional income. Foreign property buyers mostly come from Germany, Slovenia, Austria, as well as the Czech Republic and Slovakia, reported.


The Cypriot real estate market saw 3,534 transfers worth €517.3 million in Q4 2023,  the Cyprus Real Estate Agents Registration Council said. Nicosia witnesses a total of 1,139 property transfers being recorded, with a total value of €150.4 million. Limassol followed closely with 916 total sales, reaching a value of €149 million. In Paphos 479 property sales were recorded, totalling €78.3 million. Larnaca saw 734 sales  amounting to €100.4 million while in the Famagusta district, 266 transactions took place, with a total value of €39.2 million.


-Millions of Greek property owners are at risk of facing depreciation of their assets in the coming years due to a mandatory transition to almost zero energy consumption buildings until 2050, the president of the Hellenic Property Federation (POMIDA), Stratos Paradias told Ta Nea.

-Revenue and details of properties in Greece exploited via short-term accommodations platforms such as Airbnb,, VBRO and others must be electronically submitted to the country’s tax bureaus by Feb. 28 or otherwise owners and operators face hefty fines and a possibly a higher tax bracket, To Vima reported.


In 2023, in the Republic of Moldova, 3.4  thousand building permits for residential and non-residential buildings were issued, increasing with 0,6% compared to 2022: 2.3 thousand building permits for residential buildings (-2.1%); 1.2 thousand building permits for non-residential buildings (+6.3%), according to the National Bureau of Statistics.


The Residential Real Estate market market in Slovenia is anticipated to achieve a value of US$236.20bn by the year 2024, according to Statista. This projection suggests that the market is expected to exhibit a compound annual growth rate (CAGR) of 3.87% between 2024 and 2028, resulting in a market volume of US$274.90bn by 2028.