Sofia Apartments go up in prices, the rentals are competitive
Posted by writer on Jun 16, 2008
In the first week of June, several of the leading Bulgarian newspapers informed that the prices of the Sofia apartments go up with a steady pace and the estimated increase ranges from 1.5 to 1.8 per cent a month. The demand is for small and middle-sized apartments priced from 55 000 to 85 000 Euros that could serve as single room rentals, one and two bedroom Sofia apartments for rent. The residential area that is most preferred but comes with the highest prices per square meter for apartment is Ivan Vazov district. The highest increase of the Sofia apartments is in the areas set immediately at the foot of Vitosha Mountain that reaches 30 %, as well as the areas of the villages Jeleznica which faces as much as 80 % increase and Pancharevo with price value of the properties up with 65 %, both of the settlements being very close to Sofia. According to the researches made the real estate companies, the price of the apartments in Sofia could reach 3000 Euros per square meter in the area close to Dianabad district, which is currently occupied by a huge warehouse for building materials. This price however could be achieved only in case there is being constructed a deluxe gated residential complex with many facilities and amenities and excellent access to the centre and Vitosha Mountain. The construction of such elegant residential complexes is a base for formation of a rich portfolio of luxury furnished apartments for rent in Sofia that are situated in the centre or in the best residential areas of the capital and come with competitive prices for renting.