READING THE TRENDS WITH FIRST ESTATES

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Central Sofia's charm Central Sofia's charm © Anthony Georgieff

Luxury interior could make you fall in love with an apartment, but it could not suffice alone for a true dream home. Finding a location fitting to your standards is as important. First Estates, the specialists in premium residential properties, have created this useful infographic to help you find your way through current real estate purchase cost in Sofia.

Special attention is given to the southern and southwestern parts of the city, which are the most favourable and prestigious, respectively. Neighbourhoods are presented in terms of average purchase price for a square meter and of general aesthetics and lifestyle offered.

first estates mapThe aristocratic area of the Doctor's Garden has the most expensive living spaces in Sofia, beating even the Top Centre in pricing. The true Centre falls behind, with drawbacks like noisier ambiance, less greenery and apartments on high floors in old buildings without lifts.

Prices decline sharply in the northern, underdeveloped parts of the old Centre, where building are still neglected and the social circle is a bit under question. Yet, the area offers great opportunities for investment with its spacious apartments and potential to gentrify in the near future.

Properties become more affordable when they are further than 4 km away from the Centre. Many of those boroughs have fast access to the centre with the spread of Sofia's metro. Most of them border superb recreational areas as the South Park, Hunter's Park, Geo Milev Park. Lozenets's new part, Manastirski Livadi and Vitosha offer many options for homes with modern architecture.

Real estate purchase prices in Sofia keep rising, slowly, in the latest six to nine months with 5-7%, thus creating stable investment climate. Properties located in Top Centre or Oborishte grew with 15% since the beginning of 2015.

Sofia, 27A Moskovska St

phone: 0700 15 15 1

www.first.bg

Read 1762 times Last modified on Friday, 12 June 2015 11:39

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