The average prices of two-room and three-room apartments (of either brick or concrete) in the center of Bulgaria’s Sofia are 19,2% cheaper compared to February of this year, according to the website imoti.net. The drop of prices of two-room apartments is 18,2%, and of three-room apartments – 20,4%. The biggest drop of prices was reported for three-room apartments in the “Zone B-19″ – 27%. The offers in that area are currently between 808 and 958 euro per square meter for an apartment with brick walls that’s only been constructed 2 years ago. The offers for two-room apartments have been constant for the last 6 months. The price of the most expensive one is 128 400 euro, and of the cheapest one – 54 900 euro.

The offers for two-room apartments for the last 6 months in the neighboring “Zone B-18″ are currently 18% lower, while the offers for three-room apartments – 17% lower. Currently, the two-room apartments cost between 946 and 1100 euro per square meter. The cheapest offer is 61 500 euro for a 65 sq. m. apartment with brick walls. The most expensive offer in the area is 74 800 euro for an apartment of 54 sq. m. which is currently under construction. The offers for three-room apartments vary between 784 and 1178 euro per square meter. The cheapest offer is for 88 sq. m. apartment with concrete walls – 69 000 euro. The most expensive new apartment spans over 130 sq. m. and costs 117 000 euro. The most expensive real estate per square meter spans over 90 sq. m. and costs 106 000 euro.

The average offer prices for two-room apartments in the largest prestigious district of Sofia – “Lozenets” – have dropped since February to 374 euro per square meter. According to statistics, that means a drop of 524 euro for the last 12 months. The offers are very varied now, ranging between 950 and 2344 euro per square meter. The cheapest real estate is a new apartment spanning over 70 sq. m. near the last stop of the tram №9, offered for 66 500 euro. Over 3,5 times that price – 236 700 euro – is the cost for an apartment of 101 sq. m. near the South park of Sofia. The prices of three-room apartments have dropped by an average of 309 euro per square meter and currently vary between 964 and 2185 euro. The cheapest offer is for an apartment spanning over 83 sq. m. – 80 000 euro. Nearly 4,6 times this price – 367 000 euro – is the offer for a spacious apartment of 168 sq. m.

The average prices of two-room apartments in another prestigious district of Sofia – “Ivan Vazov” are 23% lower compared to February, which is a decrease of nearly a third. The offers vary between 1100 and 3731 euro per square meter. The cheapest real estate is an old, but renovated apartment with brick walls offered for 77 000 euro. The most expensive offer is 250 000 euro for a 67 sq. m. luxurious real estate built in 1962. The offer is up in the website for more than six months now. The prices of three-room apartments have been constant for the last six months.

The supply in “Lozenets” remains highest

According to the statistics of imoti.net, the biggest number of offers in the wide center of Sofia is in the district “Lozenets”. Currently, 63 two-room and 160 three-room apartments are up for sale in the southern district. Brokers expect the number of offers in the district to remain high for some time. This is due to the numerous new apartment buildings under construction at the moment.

There are 25-two room and a dozen three-room apartments up for sale in another prestigious district – “Ivan Vazov”. The district “Banishora” is the third district with a large number of offers. Currently, 17 two-room apartments and 12 three-room apartments are up for sale. The zones near the metro station have fewer offers. They are the fewest in the “Zone B-18″, with only several real estates for sale.