0
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

Vitosha Boulevard is on 47th place for the most expensive commercial street in the world

2018-11-15   |  www.novinite.com

Vitosha Boulevard is on 47th place for the most expensive commercial street in the world for this year. It climbs to its highest position for the past five years.

The annual Main Streets Across The World report, celebrating its 30th anniversary, tracks 446 of the top retail streets around the globe and ranks the most expensive in 65 countries by prime rental value utilizing Cushman & Wakefield's proprietary data.

For this year Vitosha climbs two places up with an average monthly rental on commercial areas of EUR 50 per square meter.

''In Sofia, Vitosha Boulevard enjoys a constant interest in opening new shops and restaurants in recent years, and this is also the basis for the rent growth we are seeing, especially when the locations are with better visibility and they are demanded by traders", said Ivan Gramatikov, who is the Sales Manager at Cushman & Wakefield.

Russell Street, in the city’s central Causeway Bay district, has replaced New York’s Upper 5th Avenue as the world’s most expensive retail street by rental value, according to property consultants Cushman & Wakefield.

Check our best commercial offers in the city center


  Read more news

Share
Central Park - your New York in Sofia!
Homes for sale in one of the largest new construction developments in Sofia!

A unique gated complex recreating the style and atmosphere of New York's Central Park. Modern buildings, space, greenery and breathtaking views! A future icon of the Bulgarian capital that will bring a new standard for quality of life. Choose your home now - big choice and attractive prices!
See More
Properties in the Bulgarian Beach Resorts!
Check our selection of properties on the Bulgarian Black Sea Coast! Attractive prices, regular flights to Burgas and Varna international airports. Perfect for frequent visits, summer holidays and more.
See More

More News

latest news
Selling property in Bulgaria? Check out what documents you will need!

In a series of materials, we present you with useful information on how to best prepare your home for viewings and how to determine the right price of your property.

Here we will focus on the heart of the transaction. Buying and selling real estate often seems a complicated and cumbersome procedure, requiring a number of documents and communication with various institutions. And buy...

22 March, 2024
latest news
How much is your property worth and how to set a perfect listing price?

When deciding, or even just considering listing a property for sale, our first question is often: What price should I be looking for my property.

Every homeowner is probably trying to do their own mini market research. They look at the listings in their area, read the latest statistics on property transactions, turn to an agency to get an idea of what they can get.

Ve...

18 March, 2024
Company news
BULGARIAN PROPERTIES Agents of March 2024

Spring comes with new opportunities in the real estate market in Bulgaria!

February showed us significant activity in the real estate market, spanning the entire country, and that gives us plenty of reasons to be optimistic.

Latest market data and trends:

- We are seeing an increase in issued new building permits - a sign of growing interest in new dev...

05 March, 2024
Press & Media
Eurozone Entry: Implications for Bulgaria's Real Estate Sector

Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone. The bustling market in Sofia, Bulgaria's capital, kicked off 2023 with a noticeable decline in transactions, hovering around 14%. However, subsequent quarters saw a gradual improvement, with reductions limited to 11.7% and 5.4%, respectively, as r...

20 February, 2024

REQUEST DETAILS