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The cause of rising prices for rental housing in the capital

23-12-2013

The growth of demand for rent large apartments in Sofia, caused a nearly 7% increase in the price of rents and as a consequence 10% increase in the cost of housing in the capital of the Republic. The reason for this sharp rise in price of rent, was the opening of the Bulgarian borders for numerous refugees.

It is noteworthy that most of the emigrants were forced to leave their homes refuse to live in a refugee camp. The availability of material resources allows them to rent a house and to settle in Bulgaria, which will undoubtedly affect the current formation of prices in the local real estate market. Note that wealthy refugees aimed at finding multi-room apartments due to the possibility of living in these apartments several families, This in turn was the cause of the particular rising cost of apartments in the areas of "Krasna Polyana" and "Woina ramp".


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