Property prices in Sofia rose by 4.5% year-on-year

The property prices in Sofia have increased by 4.5% in the second quarter of 2013, compared to the same period of 2012, according to BULGARIAN PROPERTIES analysis.

The average price of sold apartments is 747 Euro per sq.m. in the second quarter of 2013 compared to 715 EUR/sq.m. in 2Q of 2012. Compared to the previous quarter, when the average price of sold apartments was 719 EUR/sq.m., the change is similar (+3.9%).

Over the past few years the buyers had two major requirements when choosing a property - the best price and the exact parameters of the property. Compromises were made with the parameters but not with the price. Recently there is an opposite trend - buyers would rather compromise with the price and pay a little more per square meter but buy the property which fully meets their requirements, experts said.

Rural house sales have maintained stable levels for a consecutive quarter. Over the past second quarter the prices of sold rural homes have returned to normal levels for the last 3-4 years after the winter when the company sold the cheapest possible houses, the real estate company reported.


  read more articles