Parcels Are Expensive If They Are Sitauted In The Vicinity Of Highways

24 chasa Daily, 2007-03-01

     The fast rate of increasing of the foreign investments in the last years will be a fact in the year 2007 as well. Some of the main reasons for that are surely the accession of Bulgaria to the European Union, as well as our country's opening towards new entrepreneurs.
     Those of them that are aimed at the construction of industrial rooms or logistics centers are mostly in search of lots, which are situated in the vicinity of big infrastructure sites, such as airports and first class roads.
     Usually, in case that a room (either a warehouse, or a production hall) is situated in the vicinity of good infrastructure, the transport expenses are considerably lower. Having in mind the comparatively cheap labour in our country, that plan turns out to be extremely profitable to the foreign entrepreneurs, say analysers.
     The market of lots that are situated in the vicinity of big infrastructure site is still best developed in the capital. But, gradually, other big cities turn out to be attractive in this respect as well.
     In Sarafovo, near the airport of Bourgas for instance, approximately 100 lots are being offered. However, only 30 of them are in close vicinity of the airport. The price of one square meter varies from 6 to 25 Euros. An estate with area of 7000 square meters is being sold against the price of 12 Euros per square meter. The lot is appropriate for the construction of warehouses and industrial rooms.
     Nearly all lots are being offered in the vicinity of Varna Airport. They are situated near the quarters Asparuhovo and Vladislavovo. One square meter costs nearly 30 Euros. The parcels that are in the vicinity of "Hemus" highway are being offered for 43 Euros per square meter.
     There are two regions with big infrastructure sites in Plovdiv – the airport in Krumovo and "Trakia" highway. Nearly 30 lots are being offered in the vicinity of the airport. The average price per square meter is 9 Euros. The estates have areas of 1000 – 4000 square meters. Agricultural land of nearly 5 decares, near the asphalt base behind the airport, is being sold against 7 Euros per square meter. Another 2-decares lot, which is situated in the vicinity of the Plovdiv airport, is being offered against 4 Euros per square meter. The estate is in close vicinity of the Asenovsko Shosse, near a gas station. The biggest parcel is a 10-decares one. Its price amounts to 70 000 Euros. Fifty lots are being sold in the Plovdiv part of "Trakia" highway. The prices vary from 8 to 30 Euros per square meter, depending on their remoteness from the high speed road. In case the lot is in close vicinity, its price is nearly 30 Euros per square meter. In case it is under regulation, the price could reach 40-50 Euros per square meter, but such deals are concluded quite rarely. The estates on second and third line could be purchased against 8-15 Euros per square meter. The investors are free to choose lots from 6 to 10 decares large.
     There could hardly be offered any lots in the vicinity of the airport in Russe, which is situated in the region of the village of Shtraklevo, since the airport does not work at present. The price of the few lots, which are being sold, amounts to 5 Euros per square meter. They are nearly 1000 square meters large.
     The land market near the port is much more developed. Nearly 70 parcels are being sold there, and their price amounts to 45 Euros per square meter. The estates are from 7 to 30 decares large. A 13-decares large parcel under regulation could be bought against 25 Euros per square meter. Land of 33 000 square meters, situated behind Danube bridge, is offered for 30 Euros per square meter. Parcels against 35 Euros per square meter are offered in the duty free zone as well.

Latest news about Bulgarian property market

Property Articles - RSS Feed

     The "Property articles" RSS is the section for Bulgarian real estate news. Specialists of Bulgarian Property Ltd. work up the information in Bulgarian newspapers, other edition, and Internet and arrange all articles that touch the area of real estate and themes close to it. We can without extrapolation say that we supply our customers and visitors of our web site with latest and most actual press info.