It has always been of interest what a house in Sofia looks like for a price of over 1 million. EUR. Against the background of inflation and the smooth growth of residential property prices in our country in recent years, the table has risen and today it is already interesting what property can be bought at a price, for example, over 3 million. EUR. Some will say that such prices do not exist and it is not realistic in a small market such as the Bulgarian one to conclude such deals. However, purchases are made. One of the big companies working in the luxury segment has a deal to sell a house at a similar price in the current year. The buyer paid 2.7 million for it. EUR. It is located in the metropolitan district of Boyana.
Offers on the largest real estate site imot.bg show that there is no shortage of luxury, even trophy (note ed. as the brokers put it) properties. As for Sofia, at the moment over 30 similar houses are offered on the imot.bg website.
Among the most expensive furnished properties is a house with an expanded built-up area of 950 sq.m., which has a yard of nearly 8 acres. It is located in the Dragalevtsi district of the capital. A garage with 6 parking spaces and an indoor pool are also available to the new owner. The main plus is that the property is completely south facing.
Interest in such luxury properties is not only from wealthier Bulgarians, but also from those who have lived abroad for the past two decades, have accumulated a stable fortune and have decided to invest their funds in luxury properties in our country. Foreign customers are also not lacking.
Access to Bulgarian trophy properties to elite foreign buyers is now easier, after a collaboration between Unique Estates and Christie’s International Real Estate was signed today. The Bulgarian company is now the official representative of the property division of the largest auction house in the world.
There are many conditions that the Bulgarian property must meet in order to be offered to selected clients from over 50 countries. The main ones are that the selection will include fully furnished luxury houses worth over 1 million. EUR, as well as similar apartments priced above EUR 800,000. Even if the property is in a prime location, if it is plastered and plastered or in need of major renovation, it will not be able to be offered through the global brand.
„We have been following the market in Bulgaria for some time because of the growing luxury segment, as well as because of the country's strategic location as a link between Europe and Asia. With the addition of Unique Estates, the network includes 47 partners in Europe, including seven in Eastern Europe – Albania, Croatia, the Czech Republic, Estonia, Serbia, Greece and Slovakia”, said Helena Moyas de Forton.
According to data from Unique Estates between the fourth quarter of 2023 and the first quarter of the current year, housing prices in Bulgaria increased by 7.1% – the largest increase in the EU and the largest for the country since 2007. Prices are expected to increase by another 15% by 2025. In the luxury real estate sector, the company reports a 50% increase in transactions for properties over EUR 600,000 in 2023, and a third of the company's listings were sold without a discount from the asking price and around 15% – even above her.
The new partnership opens doors not only to foreigners to Bulgarian luxury properties, but also to wealthy Bulgarians who have decided to invest part of their funds in super luxury properties around the world. International clients are interested in trophy properties with historical value and cultural heritage in Sofia, investment properties that combine modernity, comfort and prestige in the capital, as well as luxury holiday residences near the sea or the mountains.
You can see detailed statistics on average property prices in Bulgaria by cities and neighborhoods HERE