What are the prices of the properties in the different quarters of Sofia, Bulgaria

Property prices rise in Sofia in the first quarter of the year, reported by real estate agencies. The property market is on an ascending cycle and the price increase is now approaching 20% ​​on an annual basis. This trend is expected to last for at least another two years. The data shows that for the first quarter of 2017 the average price of the sold apartments in Sofia is 985 EUR/sq m. The average purchase price of the dwellings is around 90,000 euros.

At the beginning of 2016, the dwellings in Sofia were sold at an average of 835 euros per sq m. There was an increase to about 1000 euro per sq m later in the year. At present, property prices in Sofia are at levels similar to those at the end of 2007. The peak of the third quarter of 2008 in the boom before the crisis has not yet reached, when the average house price in Sofia reached 1260 euros per sq m.

New construction

Sales of new-build dwellings continue to account for more than 50% of total sales in Sofia and interest remains high. There are already available for sale both buildings in the initial stage of construction and already completed or those that are soon to be allowed to use.

Parameters of purchased dwellings

Two-room apartments have regained their attractiveness, which can be explained by their greater liquidity and easy rental, as well as by rising prices. They account for about 55% of the homes purchased in the first quarter. Immediately after them with a share of 32% of the purchases are two-bedroom apartments. Multi-family homes and maisonettes are about 10%. The average area of ​​the purchased dwellings is 90 square meters. Most often buy apartments on the second to sixth floor (70% of the sales).

Search by neighborhoods

The main interest continues to be to the southern and eastern districts of Sofia, with the presence of a metro playing an increasingly important role in the interest in a given area. There is also interest in the center of the city, where there is predominantly the supply of old construction, but there are also boutique buildings with one or two apartments on a floor that are of great interest. In the broad center are formed areas with predominantly new construction, which have a completely changed appearance, have access to the metro and which are becoming more and more attractive for the buyers.

The interest in "Krastova Vada" is kept high and the trend is to be one of the most preferred areas of Sofia. Beginning new projects and visibly improved infrastructure turn the minds even of skeptical buyers. The prices of new homes there start at around 850 euros per square meter and reach 1,200 euros per sq m.

Mladost and the Business Park Sofia area are another attraction for both- those working there and the buyers who want to live in one of the most fashionable neighborhoods of Sofia. There the average price is already around 1000 euro per square meter.

The areas around the South Park remain high and low supply, which results in higher prices - between 1100 and 1400 euros per sq m. Manastirski Livadi, Vitosha and Studentski Grad are among the regions offering new construction Profitable prices and to which the interest is constantly increasing.

Some of the best prices for new construction are currently in Ovcha Kupel - there can be bought a flat with Act 16 from 750 euro per square meter. In the different parts of "Lyulin" also can be found advantageous The most expensive quarters remain "Lozenets", "Ivan Vazov", a center where the prices are between 1500 and 2000 euro per square meter, and already have offers and over 2000 euro Per square meter.