Sat, Feb 11 2012

Sofia banks offer flats for 300-400 euro a sq m

Wed, Jul 08 2009 15:12 CET

byNick Iliev

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Sofia banks offer flats for 300-400 euro a sq m

At a starting price of 302 euro a sq m, a 97 sq m flat in the Hipodruma borough of Sofia, (15-minute walk from the town centre) is offered for 29 246 euro, Investor.bg has reported.

The property was appraised at 152 000 leva in June 15 2009, but its starting price has been slashed to 57 200 leva. Documents for participation in the auction can be submitted by June 22. The aforementioned system has been already in operation in Sofia, with flats with unpaid mortgages and other outstanding liabilities, in this particular case, two mortgages to Piraeus Bank being offered on general sale.

The average price at which the 32 flats on offer at the moment (two, three, four and more bedroom units) is 685 euro a sq m. Naturally, the starting price is seldom the actual price at the end of the auction, as for some properties there is substantial interest. For some properties, however, "there was only one bidding candidate", Investor has reported.


Source: propertywisebulgaria.

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Comments

AnonymousEdy StutzmannTue, Jul 14 2009 15:34 CET

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Anonymous Edy Stutzmann Tue, Jul 14 2009 15:32 CET
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This is not correct. I have not found any offer

AnonymousMr. P.K.Sharma UKMon, Jul 13 2009 20:09 CET

This comment has been removed by the moderator because it contained

Anonymous Mr. P.K.Sharma UK Mon, Jul 13 2009 20:09 CET
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Dear sir,
The auction web site is in Bulgarian, if it is in English as well i think would be MORE people intersed.


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