Cheap apartments are in high demand in Sofia

Cheap apartments are in high demand in Sofia

In 2013 the number of buyers of apartments in Sofia willing to pay less than €80 thousand, has increased, according to ee24.com citing monitor.bg.

Arco Real Estate study reveals the strongest increase in the share of buyers with a budget below €30 thousand. The share of Bulgarians who were looking for apartments for €30-50 thousand and for €50-80 thousand, also increased a bit. The share of buyers willing to pay €80-120 thousand declined from 20% in the 1st half of 2013 to 10% in the 2nd half of 2013.

The most popular in Sofia were apartments of 50-80 sq.m (44% of requests), as well as of ​​80-120 sq.m (33% of requests). The share of people willing to move to apartments with an area of less than 50 sq.m increased to 11%.

While budgets for the purchase of apartments are reducing, more and more residents of Sofia are ready to rent flats for €250 and more per month.