What are the favorite neighborhoods in Sofia and the prices of the properties that are there? – Blitz

Experts define the year 2018 elapsed as a year of stabilization of the housing market in the capital.

According to the data, interest in real estate in Sofia remains high this year and a significant part of the demand is still not satisfied.

The average purchase price of housing in Sofia amounts to 86 260 EUR, with levels of around 90 000 EUR in previous quarters. This trend reflects the increase in the share of two-room units purchased and the trend towards smaller areas at the expense of higher per square meter prices.

According to the data, the annual price increase in the 3rd quarter is 3% and for the first nine months, the annual price growth in Sofia is 5% compared to the same period of the previous year .

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According to information from the registry agency, for the third quarter in Sofia, 6,376 sales of real estate were recorded, against 6,300 for the same period in 2017, representing an increase of only 1.2% on an annual basis.

However, this does not include newly built apartments that will be listed as forward sales and their share of the total housing market, according to our observations, accounts for about 60 to 70% of all sales in Sofia.

The new building permits issued in Sofia increased by 14.5% for the first nine months compared to the same period in 2017. From July to September, 296 new residential building permits were issued, according to the statistics of the city. 39, INS, a record for the last years. This may be the only indicator that has managed to return to the pre-crisis levels of 10 years ago, brokers said.

And what are the preferred neighborhoods and real estate prices in them?

Most homes purchased in the third quarter of 2018 are in Vitosha. The other popular shopping areas of the last 90 days in Sofia are Krastova vada, Studentski grad, Manastirski livadi and Vrabnica 2.

The most expensive accommodations are those of the Center and Lozenets, between 1650 euros / m². and 2000 euros / m²

In Vitosha, prices are about 960 euros / m², in Studentski grad – 1,070 euros / m², in Krastova vada – 1,270 euros / m², Monastery Meadows – 1,010 euros / m². , Mladost 4 – 1,080 euros / m² and Vrabnica 2 – 960 euros / m²

Traditionally, we are also interested in Mladost as a whole, but the offer is quite limited. Lyulin is interested in building cheap housing.

The districts of Pavlovo, Buxton, Ovcha Kupel and Karpuzitsa are also an interesting area for buying a house. This southern zone is transformed by the advances of the metro, the extension and the construction of new boulevards, the project of improvement of the line of tramway 5, the available universities, the medical centers and the links of transport, which give a very strong impetus to the development of the region is gradually changing its appearance, experts say.

Which houses do we buy?

In the third quarter, most of the housing units purchased consisted of two-room apartments. They represent 65% of the total purchase of housing and the availability of two-room apartments in new buildings is running out. 25% of the apartments purchased are three-room apartments and one-room apartments account for 8%.

The average square footage of the homes purchased is 79 sq.m. The two-room apartments have an average area of ​​about 70 square meters and the three-room apartments – 105 sq.m.

95% of the dwellings purchased are located in brick buildings, most of them newly built. Only 7% are offers with fully furnished apartments. 40% of the homes purchased are heated by the thermal power station.

According to experts, the most likely scenario for the development of the housing market in Sofia is that real estate prices remain at current levels and offer a stable real estate market with a very good supply over the next two years.