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Prices of apartments on Sofia go down
2009-01-28 09:21 News from Novinite.com

For the first time in several years apartments in Sofia are listed for sale for about or even under EUR 500, the 24 Chasa Daily reported on Wednesday.

1, 2, or 3-room apartments in residential buildings under construction can now be purchased for EUR 495. These are located in outer residential quarters such as Obelya, Druzhba, and Lyulin but the paper reminds that even there the prices had reached EUR 700 just about a year ago.

Thus, a 65-square-meter apartment can be bought there for EUR 32 000, and a three-room apartment of 100 square meters costs about EUR 50 000.

The customers are not willing to pay more than EUR 900-1 000 per square meter at the present moment, the article says citing real estate brokers.

The reduction in the apartment prices can be traced to the effects of the global financial crisis.



This News is listed at news.Guide-Bulgaria.com

apartment for sale
apartment Mladost 2Mladost 2
229 m2
€ 153390
house for sale
house SofiaSofia
240 m2
€ 24500
off-plan for sale
off-plan SofiaSofia
12700 m2
€ 550/m2

Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]

> 2009-08-21 Court proceedings concerning the destruction of bungalows in Zlatna Ribka camp near Sozopol
> 2009-08-19 204 hotels for sale on the Southern Bulgaria Black Sea coast
> 2009-08-18 Bargains with Bulgarian properties down by 35%
> 2009-08-18 Irish property owners sell their Bulgarian estates at half-price
> 2009-08-13 Office market in Sofia - low demand in the Q2 of 2009
> 2009-08-11 Russian investors continue buying property in Bulgaria
> 2009-08-10 Ruse need an investor for project in former Kazarmite area
> 2009-08-09 German Lidl investing in logistic complex in Ravno pole, Elin Pelin municipality
> 2009-07-24 New big residential and trade complex planed in Veliko Tarnovo
> 2009-07-23 Ruse, Vratsa, Plovdiv, Burgas, Pleven and Sofia are cities with highest decrease of property prices
> 2009-07-23 Prices of the residential properties going down faster than the rents
> 2009-07-22 Predominantly Russian buyers for properties in Santa Marina holiday village near Sozopol
> 2009-07-22 One third of the people selling their estates because the inability to cover consumer loans
> 2009-07-21 Bulgarian Real Estate Market Analysis (Jul 2009)
> 2009-07-21 Lots of frozen or postponed mall projects
> 2009-07-15 British owners leaving their BG homes because the World Crisis
> 2009-07-15 Construction of Russian vacation complex in Kamchia resort continues
> 2009-07-14 Over 70 hotels in Varna region offered for sale
> 2009-07-06 Varna Strand complex will use renewable energy sources
> 2009-06-29 Property investors turn away from the resort of Panichishte

Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]

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