BOOM OF REPOSESSIONS
Each week about 20 new repossessed properties are declared at Sofia Regional Court. All repossessed properties are listed in the Third Civil Department of the regional court. Most of them are apartments, houses and bigger buildings, agricultural land and regulated plots.
One-bedroom prefab apartment in Liulin gets a starting price of 36 000 levs, while an apartment of the same size in Mladost 4 - 74 000 levs.
A three-storey building in Vassil Levski Boulevard in the centre of Sofia has a startign price of 821 000 levs, while an apartment of 100 square metres in Strelbishte has a starting price of 205 000 levs. At the same price will start the auction for a plot of land of 5 000 square metres in Vrajdebna, a suburd of Sofia. The most expensive repossessed car has a starting price of 4 800 levs. In the process of auctioning the price very often is increased by 100%.
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Category: Bulgaria, Economy | Tags: auction, Bulgaria, crisis, Property, repossessions Comment »