Prices Remain Stable 105-Bulgaria Property
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Asking prices on ohter major boulevards in Sofia are far below this level. Four of them are expected to appear in Sofia, 2-3 in Varna and 3 in Plovdiv. Real estate experts forecast that the development of shopping malls will progress at least until 2010. Rents in malls vary between EUR 20 and EUR 60 per sq m per month in cities like Sofia and Varna. Thanks for visiting!Bulgaria Property Projects speed up, as prices remain stableRetail center projects are among the most attractive for developers. The great disparity is due to the particular location, state of the unit and its square surface. The high market end stands at EUR 150 per sq m for retail space in the city of Varna. The lower end in Sofia’s city center has been estimated at between EUR 5 and EUR 12 per sq m per month. The most expensive one on Vasil Levski Blvd. The shopping center development boom has not led to changes in rental levels since the beginning of the year. They usually range between EUR 70 and EUR 160 per sqm per month although asking levels of up to EUR 200 per sq m have been registered on Sofia’s Vitosha Blvd.Location The most expensive retail locations in Plovdiv reach EUR 153 per sq m per month for a high street unit. This depends on the specific location and unit size. To attract the attention of clients, future projects bet on providing more services and leisure and entertainment opportunities.Over 10 new shopping and entertainment buildings are expected to be completed by 2009.