The largest residential complex built before 1989 in Sofia “Lyulin” has the lowest prices of apartments of 860 euros / sq m of all panel “jungle” in the capital. This is shown by the data for the first quarter of one of the largest intermediary agencies in the country.
In second place lower prices remains “Vrabnitsa”, where the average transaction prices for the period was 960 euros / sq.m. At the level below one voucher in euros (970 euros) per square meter were the concluded deals in the area of ”Student City”, writes Monitor.
In the other most popular neighborhoods among buyers the prices were the following: “Krastova Vada” – 1300 euro / sq.m, “Manastirski Livadi” – 1225 euro / sq.m, Dragalevtsi – 1260 euro / sq.m, “Poligona” – 1320 EUR / sq.m, Dianabad – 1280 EUR / sq.m, Mladost – 1215 EUR / sq.m, Lagera – 1180 EUR / sq.m, in the wide center of Sofia – 1100 EUR / sq.m. .m, “Banishora” – 1030 euros / sq.m.
Brokers reported growing trading volumes, increased demand and rising prices marked the first months of the year amid new waves of the pandemic.
“The housing market made a very strong start in 2021. The activity was greater from the beginning of 2020 before the pandemic, and from the same period of 2019, and at times was even euphoric.
It seems that the housing market has overcome the pandemic crisis and continues its upward cycle of development “, commented Polina Stoykova, Executive Director of Bulgarian Properties.
The new market trends caused by COVID-19 continue to be relevant this year, as they expand on a larger scale and become more intense due to better awareness of people and a clearer awareness of their new housing needs.
According to her, the buyers have adjusted to the new reality and are very pragmatic and calm in their choice of property, well assess their needs and capabilities and make decisions relatively quickly.
Owning a home plays an increasingly important role in the goals and plans of families. In addition, the role of real estate as a secure asset to which people turn to invest their savings in times of uncertainty and crisis has once again strengthened.
The average total price of the purchased apartments is 109,530 euros compared to the average for 2020 100,260 euros. In these data we see both the impact of rising prices and the change in the structure of purchased homes and the growing share of larger apartments.
The newly concluded deals in Sofia in the first quarter of 2021 increased by 20% compared to 2020 and about 10% compared to 2019. This shows that the housing market has not only caught up and recovered from the pause during the pandemic, but also that it continues its upward cycle of development.
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