Subway Stations Lure Property Buyers in Sofia

More and more Sofia citizens begin to appreciate the subway and now the districts with existing or future subway stations are among the most desired by property buyers. Photo by BGNES

The property market in the Bulgarian capital has experienced a shift in the prices and interests of the buyers, data from real estate websites showed.

According to data from the Bulgarian property website imoti.net, the interest towards districts, which are considered prestigious, like Ivan Vazov, Iztok and Center, has decreased.

For the period August 20 – September 20, people who were looking for a property that costs between EUR 50,000 to EUR 100,000 have searched mostly in the districts Mladost, Darvenitsa and Krasno Selo. There is only one property located in the center of Sofia in the top 10 viewed properties in that price range.

The situation is similar for properties that cost more than EUR 100,000. People have expressed interest mostly towards houses in the southern, western and eastern parts of Sofia.

Even in the lower price segment, ranging from EUR 30,000 to EUR 50,000, the more prestigious districts enter the top 10 viewed pages with only one apartment.

According to the real estate agents, the reasons for this shift of interest are the lower prices, offered in the less prestigious districts, and the infrastructure.

Districts near subway stations are becoming more and more popular among Sofia citizens.

The Mladost 4 district is a perfect example. Although it was considered less prestigious, it is now gaining more popularity because the Business Park Sofia is located there and because there will be a subway station there in the near future.

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