Despite the not very optimistic expectations property prices in the Bulgarian capital Sofia have gone up to 60% during last 18 months. First 9 months of this year have registered an increase of property prices of up to 50% in the suburbs of Nadezda, Hadzi Dimitar and Orlandovci. After years of immaturity the Sofia property market seems to finally started a process of segmentation typical for most European capitals. The area of Gorna Banja, for example, suffered from a 12-15% drop in prices compared to beginning of 2007. The new hit seem to be the increased interest and development of apartments complexes in the previously villa-type of suburbs of Dragalevci, Simeonovo and Bistrica, attractively located at the foot of the Vitosha mountains.
Rock bottom prices are typical for the suburbs of Levski, Obelja and Ovcha Kupel with asking prices around €750/sq.m.
Rental market in the Bulgarian capital continues its sustainable growth too with average increase of rents of up to 30% for the last 12 months. Average rents rnage around €3-5/sq.m. |
Visitor's Comments !
Posted by admin on November 16, 2007