Bulgaria ranks as the least affordable country in the European Union for purchasing a €1 million property, with an average-income buyer needing the equivalent of 7.8 average salaries to cover the mortgage burden.

A third of the average gross salary is not enough to cover the monthly mortgage of almost €3,600 for a €1 million home anywhere in the EU. Luxembourg comes closest, although…

Bulgaria ranks as the least affordable country in the European Union for purchasing a €1 million property, with an average-income buyer needing the equivalent of 7.8 average…