According to the analytical report of the private real estate Agency Cushman & Wakefield business district “Vitosha in Sofia took the 60th place in the list of the most expensive shopping avenues in the world. The report included more than 300 prestigious streets in 65 countries of the world.
According to the study, the average annual cost of rent of one square meter in the Central business Boulevard in the Bulgarian capital 2014 amounted to 528 euros, an increase compared with 2013 year by 10%. Despite the significant increase, the price of commercial rent in the street Vitosha remain among the lowest in the EU, exceeding only pictures on the streets of the capital of Estonia and Macedonia.
The rising cost of rent in the most prestigious business outside Bulgaria - another sign of stabilization in the real estate market of the country and a good signal to Western investors. Rental prices on the street “Vitosha” began to grow for the first time in the 10 - s period. This happened after a thorough reconstruction of the Boulevard, the construction of new commercial premises and repair old ones.
According to research from Cushman & Wakefield is the most expensive rates for the rental of retail space fall on new York's Fifth Avenue (30 thousand euros per square meter), the second and third places - business street in Hong Kong and Paris ' famed Champs-Elysees.
