site.btaFinancier Hampartzoumian Expects No Major Changes in Bulgaria's Real Estate Market in View of Country's Euro Area Accession
Financier Levon Hampartzoumian Friday said that he does not expect major changes in Bulgaria’s real estate market as a result of this country’s accession to the euro area. He spoke at the 11th National Conference Inspire to Higher 2025: The Real Estate Market in the Euro Area, held at the Hyatt Regency Sofia. The forum, organized by the National Real Estate Association, brought together brokers, banking sector representatives, and international experts from across Central and Eastern Europe.
Hampartzoumian noted that the euro changeover will bring certain advantages, such as lower transaction costs, an improved national reputation, and better access to foreign credit markets. "We will also gain a geopolitical anchor that keeps the country within the orbit of the EU and the euro area," he added.
As to the current state of the real estate market, he said it appears to be on the verge of overheating and stressed the need for a cautious approach to avoid creating unrealistic expectations about property prices.
The financier also warned that Bulgaria could face "some economic difficulties" around 2027. "What we are seeing is not particularly skillful management of public finances and low efficiency in the use of public funds," he said. If this continues, it could lead to more serious problems, Hampartzoumian said.
He expressed confidence that this country can navigate potentially more challenging years ahead without major upheaval.
/RY/
Additional
news.modal.image.header
news.modal.image.text
news.modal.download.header
news.modal.download.text
news.modal.header
news.modal.text