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A piece of land plot in the Bulgarian capital Sofia has been sold for the record price of EUR 10 333 per square meter.
The triangle shaped land plot with area of 315 square meters in downtown Sofia hit the price of EUR 3 255 000, the Trud Daily reported.
This is a new record for a price of building ground in the capital Sofia, the newspaper announced. Until now a land plot at the downtown Sofia's Todor Alexandrov Blvd has held the first place with EUR 8 355 per square meter.
The third place in the chart is for a land plot at the Mariya Luiza Blvd, again in downtown Sofia, sold for EUR 6 356 per square meter.
The newspaper commented that such real estate deals are rear even in cities like London and Paris.
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New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone
This information was shared during the presentation of data on the current state of the market to journalists
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Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022