Despite the crisis: property prices in Sofia are rising, the metro is making Hadji Dimitar a hot spot



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Property prices in the capital’s Druzhba, Ivan Vazov, Ovcha Kupel and Hadji Dimitar districts have risen 6% over the past year. This was stated on TV Europe by the director of a real estate agency, Kaloyan Bogdanov. According to the expert, despite expectations of cheaper at the beginning of the pandemic, houses maintain their prices, and since last year for Sofia they even mark 4% average growth.

Housing in Sofia has risen in price by 49 percent in just 4 years

“Today, people are back active in the real estate market. The real stress was from mid-March to the end of April, when everyone was very concerned about catching it when buying real estate. In the state, fellow experts were concerned That there would be a drastic drop in property prices, but you can see that this did not happen for many reasons. 4% growth. For example, in “Borovo“currently the price is around 1070 euro, “Vitosha “1090, “Geo Milev “1300, “Friendship” – about 900 euro, “Ivan Vazov “ – about 1756, “Dawn “1600 euro “Kaloyan Bogdanov noted.

According to the data provided by him 6% price increase there are in the neighborhoods friendship Y Ivan Vazov, 5.60% – to Ovcha Kupel, to Яворов and C Hadji dimitar, it converts into hotspot why the subway.

This leads to the conclusion that the metro and infrastructure play a prominent role in pricing.

Kaloyan Bogdanov is reticent about the fears of those who wait for the expected difficult months to pass, because they believe that prices are unnecessarily high at the moment.

“In March, we thought that prices would go down 20-30 percent or more. We see that this has not happened. Remember that when there is a drop in demand, there is a drop in investment in new construction. Then prices stay the same. stable if they don’t increase. I don’t see great potential for a drastic decline. “he thinks.

Falling property prices in two of Sofia's most sought-after neighborhoods

The expert also presented comparative data with property prices in the countries around us:

“TO Bucharest the center is around 2000 euro in the neighborhoods is about 1153 euro per square meter EN Belgrade2594 the euro is in the center, approximately 1500 is in the neighborhoods. IN Athens 1902 the euro is in the center, 1860 in the neighborhoods “.

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