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Sofia with EUR 1 B Worth of New Homes by the End of 2006

Sofia with EUR 1 B Worth of New Homes by the End of 2006A total of 1,5 million square meters of newly built floorage will be on sale in the capital Sofia alone by the end of 2006, the State Construction Control Directorate says, as cited by Pari Daily. The figure includes residential, office and trade areas.
At an average price of EUR 700 per square meter the new offers on the capital's real estate market will be worth about EUR 1 B.
The floorage of an average flat amounts to 80 square meters, which makes a total of 18,000 new flats out for sale by the end of next year.

4 November 2005 - Sofia News Agency

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square meters, newly built, floorage, sofia, bulgaria, state construction control directorate, real estate, residential, office, trade areas

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