Fri, Feb 10 2012

LAND PRICES IN THE CENTRE OF BULGARIA'S CAPITAL SLIGHTLY INCREASE IN APRIL

Fri, Apr 27 2007 15:22 CET

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The average price of land in the centre of Sofia increased by 1.07 per cent in April, the national real estate company Foros said.

Prices reached 1 700 euro per sq m, which is the highest average price for land in Sofia so far, investor.bg reported.

Second ranks the region near Sofia's Medical Academy, where land prices reached 1 394 euro per sq m. Third is the residential district Zona B19 with prices of 1 268 euro per sq m.

Razsadnika is another residential area in Sofia, where prices exceed 1 000 euro per sq m.

The cheapest land in Sofia was offered in the residential area of Benkovski, 21 euro per sq m and in Chelopech, 15 euro per sq m.

Bounkera villa zone registered the highest price decrease. Values there dropped by 21.74 per cent to 180 euro per sq m.

The prices in the Studentski Grad increased by 6.82 per cent reaching 423 euro per sq m. Prices in Borovo went up by 40 per cent and prices in Goroublyane by 34 per cent.

The village of Pancharevo offered the highest average price of plots in the Sofia region. Average prices in the village reached 98 euro per sq m.

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Comments

Anonymous jerry rellihan Thu, Oct 21 2010 19:48 CET
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interesting article. is my math correct? In Sofia is highest land worth 1700 Euro or converted to square feet and US Dolars {1 Euro = 1.35 us dollar so 1700 Euro = $2,295, so if 1 square meter = 10.76 square feet then $2,295.00 divided by 10.76 square feet = $213.29 per square foot.} Is that correct according to this article?
Thanks,
jerry@rellihanlaw.com


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