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Sofia new-build and resale property
In 2009 property prices in Sofia , the capital started to normalise following a 7-year steady growth , fuelled by the economic upturn, EU membership, booming lending and an overall increase in local disposable income. The present price correction is mostly expressed in price differentiation influenced by a couple of factors: type of property, location in town, construction technologies applied, level of finishing, etc. The ratio between the cheapest and most expensive properties , which have fallen to 1:2 in 2007 has increased again to 1:3 on average.
First Bulgaria offers only completed properties - apartments or houses with Act 16 (habitation certificate) or period properties from the internal , Bulgarian market which is inaccessible for the foreign investor. The prices in this market may be significantly lower than the prices advertised on websites turned to the foreign investor.
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2-bedroom apartment in Iztok , Sofia. Top location, period property in a block of flats managed by the Diplomatic property agency (ADIS). The block has a number of apartments used by the Parliament (MPs living there) , Government and the Supreme Court. 24-hour security, restricted access. Excellent management and maintenance at low cost.
Size : 98 sq.m build up area and 1,36% shared area + 4 sq.m. basement storage equal to 120 sq.m. overall area.
Asking price: € 119,000
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1-bedroom apartment in Vitosha park - Simeonovo. Excellent location for those working in Sofia Business Park or willing to be aside from the city hssle. Gated complex, 24-hour security. High quality finishing works. Vitosha Park is the first high class gated complex addressing the needs for reasonable prices and European quality living in secure and clean environment.
Size : 65,4 sq.m
Asking price: € 52,840
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