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Prices of plots at the foot of Vitosha Mountain exhibited a 64 per cent growth in six months

bulgarianPrices are put up and supply is constantly shrinking Regulated plots in the southern districts of Sofia have increased their prices by an average of 64 %. These are also the neighbourhoods with the most intense building, noted a source. Prices are soaring and supply is constantly shrinking, Monitor Daily announced.
Durvenitsa and Mladost-1 districts have increased the most in price since April. When it comes to residential construction, Durvenitsa is strongly preferred by developers. However, the main reason for the 140 % price increase in the neighbourhood is the poor supply - only some 10 plots are currently offered there. Prices vary from 70 to 2129 euro/sq m.
Eighteen regulated plots are on sale in Mladost-1. The cheapest one orders a price of 95 euro/sq m and the costliest asks as much as 2241 euro. Mladost-4 residential district offers 52 plots with prices fluctuating between 80 and 2174 euro/sq m. Knyazhevo has seen only a 6 to 8 per cent grow over the last months. The region's zoning plan allows for primarily low-rise buildings, and property units there sell within a wide range: from 18 to 480 euro/sq m.

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