The average price of residential building currently under construction in Sofia is €1,019 per sqm, according to a survey published by the construction-investment company BLD. The price for units under construction is significantly higher than the average price of older, already completed projects which stands at €868 per sqm.
“Since the beginning of 2016, there are over 13,000 apartments at different phases of construction in the capital. As a whole, these apartments are being built on the basis of clients’ requirements and not on the individual decisions of investors. This is why the price of new homes is higher,” said Dimitar Savov, executive director of BLD.
