German Minister: A New Financial Crisis Poses a Threat to the World Economy
The world economy is facing the risk of a new financial crisis, warned German Finance Minister Wolfgang Schauble, quoted by the electronic edition Politico.
Apartment Prices in Sofia Suburbs down to EUR 500 per Square Meter
Business | January 28, 2009, Wednesday // 00:00
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Apartment prices in some of Sofia's suburbs have gone down to EUR 500 per square meter. Photo by Nadya Kotseva (Sofia Photo Agency)
For the first time in several years apartments in Sofia are listed for sale for about or even under EUR 500, the 24 Chasa Daily reported on Wednesday.
One-, two-, or three-room apartments in residential buildings under construction can now be purchased for EUR 495. These are located in outer residential quarters such as Obelya, Druzhba, and Lyulin but the paper reminds that even there the prices had reached EUR 700 just about a year ago.
Thus, a 65-square-meter apartment can be bought there for EUR 32 000, and a three-room apartment of 100 square meters costs about EUR 50 000.
The customers are not willing to pay more than EUR 900-1 000 per square meter at the present moment, the article says citing real estate brokers.
The reduction in the apartment prices can be traced to the effects of the global financial crisis.
One-, two-, or three-room apartments in residential buildings under construction can now be purchased for EUR 495. These are located in outer residential quarters such as Obelya, Druzhba, and Lyulin but the paper reminds that even there the prices had reached EUR 700 just about a year ago.
Thus, a 65-square-meter apartment can be bought there for EUR 32 000, and a three-room apartment of 100 square meters costs about EUR 50 000.
The customers are not willing to pay more than EUR 900-1 000 per square meter at the present moment, the article says citing real estate brokers.
The reduction in the apartment prices can be traced to the effects of the global financial crisis.
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