Off-plan apartments in Sofia have registered a 26 per cent grow
28.11.2007
Average off-plan prices of two-bedroom apartments in Sofia’s southern districts have risen by 26% over the last six months.
Buxtone neighbourhood recorded the highest growth and Beli Brezi – the lowest.
Currently, Buxtone offers 82 off-plan two-bedroom flats with prices variable between 706 and 1292 euro a sq m. The lowest bid is for a 68 sq m housing unit, which is asking 48 000 euro and will be finished within a year, whereas the most expensive apartment sells at 148 600 euro and will be ready in April 2008.
There are only 19 two-bedroom apartments sold off-plan in Beli Brezi neighbourhood. Prices change between 68 630 and 95 000 euro. The cheapest real estate is for a unit, which will be completed in two years and the most expensive is for a luxury flat, awaiting Act 16.
The largest supply of off-plan housing in the boroughs, based at the skirts of Vitosha mountain, is located in the southern district of the same name. Currently, there are more than 215 unfinished two-bedroom flats on offer, 50 more than six months ago.
Prices are in the range of 786 to 1261 euro a sq m, the cheapest flat being sold at 51 120 euro and the most expensive is asking 164 000 euro.