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The growth figures and prices per square metre quoted come from the survey by the agency cited in the original article, rather than a valuation of the property being considered for purchase today. They do not represent current prices, expected returns or a guarantee of appreciation. The new guide to property checks explains the enquiries to undertake before making a commitment.
The text of the original article
Residential property prices in Sofia have increased by 17% in one year.
One of Sofia’s largest real estate agencies released this figure in November 2016.
This excellent performance is due to low interest rates on deposits and favourable mortgage terms, which underpin the growth.
In the third quarter of 2016, the average price of apartments sold in Sofia was EUR 930 per square metre, EUR 136 per square metre more than in the same period of 2015, representing a sharp increase.
The average selling price of residential homes in July–September was €94,400, compared with €87,100 in the preceding quarter and €79,800 at the beginning of the year. Property purchases increased by 9.5%. Supply is expected to rise further in 2017 as new projects are completed.
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