Sofia's Vitosha Named World's 52nd Most Expensive Shopping Street
Bulgarian capital Sofia's luxurious Vitosha boulevard has been ranked 52nd among the world's most expensive shopping streets, according to letting agents Cushman & Wakefield's Main Streets Across the World report.
Compared to last year's list, Vitosha has dropped one place down. Bulgaria's most expensive shopping strip was ranked 40th in 2009.
The Vitosha boulevard has become less attractive due to the ongoing repair works taking place there, as well as the abundance of newly-built shopping malls in Sofia.
New York's Fifth Avenue headed the list for the tenth year running, with a 21.3 per cent increase in rents
Despite the fragile economic recovery and subdued consumer sentiment in many countries, global retail markets have rebounded strongly during the last year.Over four-fifths (81%) of the 63 countries surveyed for Main Streets Across the World 2011 recorded prime rents increasing or remaining static over the year to June.
- » Eurostat: 85% of Bulgarians Live in their Own Home
- » 1/3 of Homes and Apartments in Bulgaria are Uninhabited
- » First Time in Bulgaria: Residential Complex Received a Certificate for a Sustainable Building
- » Construction and the Property Market with a Serious Jump in 2017
- » Part of a Main Boulevard in Plovdiv Turned out to be Private Property
- » The Chief Architect Offers Two Skyscraper Areas far from Downtown Sofia