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Bulgarian boulevard 22nd in world's most expensive shop spots

Date: 01.11.2005

Vitosha Boulevard in the Bulgarian capital has been ranked 22nd among the world's shopping destinations retail prices.

The Sofia spot ranked higher than shopping sites in Canada, Brazil, Finland, Belgium, Sweden, Mexico City, etc.

Votisha's average rent per square meter is EUR 1,560.

New York's 5th Avenue tops the list with EUR 11,558.

Next come the Hong Kong Causeway Bay (EUR 9,625), the Avenue des Champs Elysees in Paris (EUR 6,628) and London's New Bond Street (EUR 5,578).

The annual report of property consultants Cushman & Wakefield, Healey & Baker said that the cost of retail space in the world's top shopping destinations has gone up by an average 8%.

Main Streets Across the World 2005 tracks retail rents in 237 shopping locations across 47 countries around the world.

Sofia News Agency

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