In H1 2019, building permits for TBA of 788,000 sq. m. were issued, while the construction starts were 454,000 sq. m.
In Q2 2019, the average price for sq. m. in Sofia was €1,054 per sq. m. for newly built dwellings and €1,086 for existing dwellings compared to €955 and €1,077 respectively, as of Q4 2018.
Housing affordability index increased from 167 in Q4 2018 to 177 in Q2 2019
The area around Paradise Center is the most preferred by the office occupiers in Sofia
In 2019 MBL conducted a survey among 100 companies which are tenants of class A and class B office space in Sofia. Our team interviewed employers with approximate headcount of 22,000 and total footprint of 274,000 sq.m. office space, 63 % of which represents class A space. With 76 % international companies are predominant for this survey and the main part is taken by the representatives from the IT and BPO sector.
MBL conducted the first of its kind survey among owners and investors of 52 office buildings in Sofia, representing nearly 40% of the market (774,000 sq.m) The analysis gives a direct view of future and current projects and the investors' expectations of rental levels movements and market trends in 2019 and 2020.
Keep up with the latest market trends and news.