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Sofia with EUR 1 B worth of new homes by end-2006

Date: 06.11.2005

A total of 1,5 million square meters of newly built floorage will be on sale in the capital Sofia alone by the end of 2006, the State Construction Control Directorate says, as cited by Pari Daily.

The figure includes residential, office and trade areas.

At an average price of EUR 700 per square meter the new offers on the capital's real estate market will be worth about EUR 1 B.

The floorage of an average flat amounts to 80 square meters, which makes a total of 18,000 new flats out for sale by the end of next year.

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