SmartBrokers
24-09-2021

Demand outstrips the supply of housing in Sofia

Without commision

Two-bedroom apartment for sale in Tintyava residential complex in Izgrev

София,Изгрев
164,500€

Housing supply is declining and demand is rising, leading to higher prices.

Supply is expected to continue declining, as rising construction material prices may delay some projects. The best-selling types of properties are three-bedroom houses, ground-floor apartments with courtyards and villas near Sofia. New construction continues to be preferred by buyers. Transactions are concluded at an early stage of construction. The predominant part of the buyers are young people and families with technological knowledge, who keep in the middle and therefore orient themselves to easily accessible areas with nature and quality of life, sports areas and additional support services. In new construction projects, the elements of “sustainable” construction will enter more and more widely, most often using the use of renewable energy sources, which will contribute to reducing costs

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