Bulgaria
Offer prices for residential properties in EUR per sq.m.(September)*
| District |
Panel |
Large-surface shuttering |
Brick-made |
New building |
Sofia
|
| Centre |
930** |
1025 - 1345 |
650 - 3280 |
660 - 2480 |
| Doktorski pametnik |
N/A |
N/A |
1480 - 2700 |
1640** - 3000 |
| Lozenetc |
940 - 1120** |
1050 - 1120 |
990 - 2940 |
700 - 2340 |
| Ivan Vazov |
1120** - 1200** |
1120 |
1210 - 2020 |
1240 - 1470 |
| Manastirski Livadi |
N/A |
N/A |
700 - 1380 |
610 - 1390 |
| Iztok, Izgrev |
860 - 1310 |
1110 - 1240 |
1110 - 1950 |
1070 - 2450 |
| Strelbishte |
790 - 1220 |
800 - 1360 |
980 - 1500 |
830 - 1800 |
| Liulin |
580 - 880 |
550 - 920 |
680 - 880 |
470 - 980 |
| Mladost |
630 - 1180 |
630 - 970 |
720 - 1480 |
670 - 1060 |
| Borovo |
800 - 970 |
820 - 950 |
720 - 1410 |
680 - 1110 |
| Dianabad |
740 - 940 |
720 - 970 |
900 - 1600 |
810 - 1630 |
| Nadezhda |
565 - 910 |
670 - 860 |
560** - 660** |
650 - 750 |
Plovdiv
|
| Centre |
470 - 540 |
760 - 1020 |
670 - 1230 |
550 - 1220 |
| Karshiaka |
420 - 570 |
410 - 595 |
550 - 740 |
460 - 780 |
| Vastanicheski |
390 - 530 |
420 - 590 |
510 - 770 |
380 - 650 |
| Smirnenski |
430 - 480 |
475 - 485 |
580 - 720 |
460 - 640 |
| Trakiya |
400 - 560 |
540 - 620 |
390 - 600 |
400 - 750 |
Burgas
|
| Centre |
900 |
870 - 910 |
780 - 1500 |
770 - 1100 |
| Lazur |
890 - 1400 |
620** - 720** |
790 - 2110
|
790 - 1760 |
| Vazrazhdane |
590 - 810 |
N/A |
585 - 1195 |
650 - 850 |
| Izgrev |
540 - 640 |
540 |
540 - 830 |
540 - 650 |
| Slaveikov |
580 - 820** |
500 - 700 |
520** - 780** |
510 - 690 |
| Meden Rudnik |
400 - 525 |
440** |
360 - 600 |
340 - 440 |
Varna
|
Centre,
Ideal Centre |
780 - 920** |
890 - 1120 |
800 - 2420 |
660 - 1550 |
| Gracka Mahala |
N/A |
N/A |
1130 - 2000 |
1300** |
| Chaika |
870 - 940
|
860** - 1000** |
850 - 1560 |
700 - 1250 |
| Cherven ploshtad |
910 |
910** |
970 - 1320 |
940 - 1500 |
| Cveten |
740 - 860
|
640** - 850 |
750 - 1020 |
550 - 830 |
| Levski |
700 - 1030 |
790 - 860 |
710 - 1080 |
630 - 1060 |
| Mladost |
600 - 820 |
680** - 840** |
610 - 800 |
650 - 700 |
| Troshevo |
590 - 670 |
680 - 800** |
650 - 1075 |
830 - 840 |
| Vladislavovo |
450 - 710 |
460 - 490 |
740 |
510 - 580 |
* Prices based on availability of two and three bedroom flats (around 100 sq. m. including common areas, excluding ground and top floor) as of previous month. N/A - no information on availability.
|
** Deviates from parameters in demand.
|
| Region |
Rents (per month) |
Sale |
Sofia
|
| Centre |
4 - 30 |
820 - 3650 |
| Business park, Mladost |
5 - 15 |
900 - 1800 |
| Business park Zapad |
3 - 10 |
400 - 1250 |
| Bulgaria boulevard |
6 - 22 |
1300 - 3100 |
| Main boulevards |
4 - 30 |
860 - 2530 |
| Airport |
7 - 16 |
750 - 1500 |
| Lozenets |
8 - 26 |
1480 - 2700 |
| Liulin |
4 - 15 |
370 - 1575 |
| Apartments in the centre of the city |
2 - 19 |
860 - 2600 |
Varna
|
| Business park |
10 |
N/A |
| Apartments in the centre of the city |
3 - 18 |
1040 - 2290 |
| Centre |
6 - 13 |
1400 - 2290 |
Plovdiv
|
| Apartments in the centre of the city |
3 - 11 |
750 - 1490 |
| Centre |
4 - 15 |
1300 - 3600 |
Burgas
|
| Apartments in the centre of the city |
3 - 12 |
1000 - 1710 |
| Centre |
8 - 12 |
1350 - 2255 |
* Prices based on availability of office areas as of previous month. The prices do not include VAT, service taxes and taxes for maintenance and consumables. N/A – there is no information for the demand.
|
| Region |
Rents (per month) |
Sale |
Sofia
|
| Bulgaria boulevard |
13 - 60 |
1910 - 5000 |
| Rakovski street |
19 - 96 |
6660 - 17190 |
| Vasil Levski boulevard |
24 - 54 |
4750 - 9500 |
| Vitosha Boulevard |
32 - 200 |
8000 - 21540 |
| Madrid boulevard |
16 - 45 |
3820 - 8580 |
| Maria Luiza boulevard |
24 - 58 |
4060 - 7500 |
| Patriah Evtimii boulevard |
45 - 117 |
4000 - 7600 |
| Todor Aleksandrov boulevard |
12 - 37 |
2000 - 2840 |
| Hristo Botev boulevard |
16 - 78 |
2470 - 5320 |
| Centre |
28 - 127 |
3500 - 20000 |
| Borovo district |
7 - 42 |
720 - 4100 |
| Dianabad district |
11 - 35 |
910 - 2610 |
| Druzhba |
6 - 26 |
740 - 1875 |
| Liulin |
4 - 40 |
480 - 4000 |
| Mladost |
4 - 40 |
620 - 3350 |
| Ovcha Kupel |
5 - 50 |
640 - 1625 |
| Geo Milev district |
6 - 30 |
760 - 2285 |
| Iztok district |
8 - 27 |
1250 - 9020 |
| Business centers and malls |
25 - 55 |
2845 - 3070 |
Varna
|
| Briz district |
5 - 10 |
1170 - 1670 |
| Chaika district |
8 - 19 |
1040 - 1750 |
| Centre |
15 - 148 |
1200 - 10700 |
| Business centers and malls |
20 - 60 |
N/A |
Plovdiv
|
| Vastnicheski district |
4 - 13 |
470 - 2220 |
| Karshiaka district |
3 - 20 |
540 - 3580 |
| Centre |
5 - 100 |
1000 - 8000 |
| Business centers and malls |
5 - 50 |
1050 - 5140 |
Burgas
|
| Lazur district |
3 - 30 |
900 - 2000 |
| Slaveikov district |
4 - 23 |
720 - 1530 |
| Centre |
6 - 68 |
1160 - 7000 |
* Prices based on availability of commercial areas as of previous month. N/A - no information on availability.
|
Office and Rents Occupancy; Class A offices real estate indicators; Selected industrial markets indicators; hight street retail rents; house prices.
| Market |
Total occupation Costs euro /sq m/ month |
Typical Lease Term / years |
| Athens, Greece |
37.2 |
12 |
| Buchares, Romania |
24.4 |
3 |
| Istanbul, Turkey |
27 |
3 -5 |
| Sofia, Bulgaria |
26.2 |
3 - 5 |
Source: CB Richard Ellis, November 2006
* Gross rent, with all additional expenses
| |
Athens,
Greece
|
Belgrade, Serbia |
Bucharest, Romania |
Sofia, Bulgaria |
Zagreb, Croatia |
| Average Prime Rent (EUR /sq m/ month) |
15 - 23 |
18 - 22 |
17 - 20 |
15 - 22 |
14 - 17 |
| Initial Yield (%) |
7.5 |
9.0 |
7.0 |
7.2 - 9.0 |
6.0 - 9.0
|
Source Collliers International Southeast Europe, Sofia Office
Market overview, Half 1 2006
| |
Athens, Greece |
Belgrade, Serbia |
Buchares, Romania |
Istanbul, Turkey |
Sofia, Bulgaria |
Thessaloniki, Greece |
Zagreb, Croatia |
| Rents for new space (EUR/ sq.m/ month) |
6.7 |
6.0 |
4.8 |
4.5 |
5.5 |
3.8 |
8.0 |
| Rents for refubished space (EUR /sq m/month) |
3.9 |
2.8 |
3.5 |
2.7 |
3.5 |
2.8 |
6.0 |
| Land value (EUR /sq m/ month) |
175 |
60 |
55 |
230 |
75 |
100 |
100 |
Source Collires International Southeast Europe, Logistic and Industrial Market Flash - Bulgaria
| City |
Area |
EUR /sq m/ month |
Greece
|
| Athens |
Ermu |
250 |
| Athens |
Tsakalof |
180 |
Romania
|
| Brashov |
Strada Republici |
40 |
| Buchares |
Bulevardul Magerau |
110 |
| Buchares |
Calea Victorei |
90 |
| Constanta |
Stefan cel Mare, Rascoala din 1907 |
40 |
| Iasi |
Stefan cel Mare, Cuza Voda |
40 |
| Timisoara |
Victorei |
40 |
| Cluj |
Memorandumului, Napoca, Eroilor |
60 |
Turkey
|
| Ankara |
Centre |
47 |
| Istanbul |
Bagdat Caddesi |
78 |
| Istanbul |
Abdi Ipekci |
94 |
| Istanbul |
Velikonagi Caddesi |
63 |
| Izmir |
Alsancak |
55 |
Bulgaria
|
| Sofia |
Vitosha Boulevard |
120 |
| Sofia |
Graf Ignatie str. |
90 |
| Plovdiv |
Alexander batenberg str. |
70 |
| Varna |
Kniaz Boris I str |
95 |
| Burgas |
Aleksandrovska str. |
75 |
Source Cushmann & wakefield, Main Streets Across the World 2006
| |
EUR / sq.m |
| Belgrad, Serbia |
1200 - 1700 |
| Bucharest, Romania |
1000 - 1350 |
| Istanbul, Turkey |
850 - 1220** |
| Sofia, Bulgaria |
500 - 1700 |
Source: Colliers International, For new developments in prime residential area
** In USD
|
