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25 000 households under construction in Sofia

Submitted on Tuesday, 27 January 2009No Comment
25 000 households under construction in Sofia

2,2 million square km. is the housing area under construction in the capital Sofia. That is roughly the size of 25 000 households. The information was revealed by an analysis of the research comapny “Forton”.

The research also adds, that the competition between investors of household projects gets more and more fierce. Thus, a decrease of price levels is needed to make the more undesireable locations with worse infrastructure attractive. These price differentiation leads to stagnation in some regions of Sofia or even a decrease of sells by 15% in others.