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Sofia Hits Record-High Floorage Price of EUR 6000/m2

Date: 13.12.2006

A luxurious property in downtown Sofia has been sold at the record-high price of EUR 6000/m2, according to reports.

The deal sets a precedent, as the highest prices of residential properties in the capital average EUR 2800/m2, say experts, as cited by local Trud Daily.

The property, covering a floorage of 320 m2, is located meters away from the building of the National Assembly and offers a great view. The buyer is reported to be a foreign entrepreneur, who is investing in Bulgaria.

Prices of residential apartments in the high-end niche of Sofia have stabilized between EUR 2700/m2 - EUR 3300/m2. The most demanded areas remain the Doctor's Garden and the Russian church.

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