House prices in Sofia’s surrounding have increased by as much as 50 to 90% during the last two years. Migration processes in the country and, mainly, the general rush to the capital observed over the last few years, incited a building boom in Sofia and the region. Some of the more affluent citizens, though, have headed toward smaller villages encircle Sofia. The most popular type of real estateamong them is the house unit, a survey commissioned by Investor.bg announced.
Logically, investors also have shifted their interest in this direction. The last few months saw the building of a number of luxury gated compounds in areas near the capital. The village of Bistritsa lines second (after the town of Bankya) according to clients’ predilection for buying a house. The prices of the buildings offered for sale (almost 80 in number) hit 1 000 euro/sq m there.
Bankya enjoys the greatest interest not only for its picturesque scenery and clean air, but also for its comfortable transport links with the capital. The predominant number of offers there are for houses with air-conditioning, local heating installations, and security systems construct over the last 10 to 15 years.
Pancharevo, with its 70 real estates units now on the market, is third in attractiveness to purchaser. The average price of real estate units there is 962 euro/sq m. The village of German and the town of Novi Iskur come fourth and fifth duly.
Supply outstrips demand in all of the above-mentioned residential provinces. Places like Zheleznitsa, Mramor, Kokalyane, and others exhibit the opposite phenomenon - keen demand versus limited provide.
House prices in Sofia’s vicinity have grew by as much as 50 to 90 per cent during the last two years. The enhanced performance is exemplified by the following figures.