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Sofia Hits Record-High Floorage Price of EUR 6300/m2
Business | August 31, 2007, Friday // 00:00
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An appartment facing Sofia's "Russian Church" (pictured) sold for a reported EUR 600 000, or a record EUR 6,316 per square meter. Photo by Yuliana Nikolova (Sofia Photo Agency)
A luxurious property in downtown Sofia has been sold at the record-high price of EUR 6316/m2, according to reports.
The property, covering a floorage of 95m2, faces one of the prettiest churches in Sofia - the Russian Church of St. Nikolay, known for its bright yellow tiled exterior, gilded domes and emerald green.
Experts attribute the whopping price of EUR 600,000 only and exclusively to the church location, Trud daily reported.
A deal in the prestigious Doctor's Garden set another precedent on the property market in the capital after a flat of 285 m2 was put for sale at the shocking asking price of EUR 1 M.
The Russian church and the Doctor's Garden are traditionally the most demanded areas for residential apartments in the high-end niche of Sofia.
After a decrease in the second half of 2006, the Doctor's Garden saw a 19% increase in average asking sales prices in the first half of 2007 and is now just below EUR 2,000/m2.
The previous record holder on Sofia residential property market is a luxurious property meters away from the building of the National Assembly, which was sold at the record-high price of EUR 6000/m2.
The property, covering a floorage of 95m2, faces one of the prettiest churches in Sofia - the Russian Church of St. Nikolay, known for its bright yellow tiled exterior, gilded domes and emerald green.
Experts attribute the whopping price of EUR 600,000 only and exclusively to the church location, Trud daily reported.
A deal in the prestigious Doctor's Garden set another precedent on the property market in the capital after a flat of 285 m2 was put for sale at the shocking asking price of EUR 1 M.
The Russian church and the Doctor's Garden are traditionally the most demanded areas for residential apartments in the high-end niche of Sofia.
After a decrease in the second half of 2006, the Doctor's Garden saw a 19% increase in average asking sales prices in the first half of 2007 and is now just below EUR 2,000/m2.
The previous record holder on Sofia residential property market is a luxurious property meters away from the building of the National Assembly, which was sold at the record-high price of EUR 6000/m2.
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