Vitosha Boulevard
Vitosha Boulevard in the Bulgarian capital Sofia dropped out of the top 50 most expensive streets in the world. The boulevard is in 53-rd place with an average rent of 120 EUR/ sq m. The rent in all locations around the world have dropped in the last 12 months because of the global recession. Although the most expensive streets are without any competition, the big brand names tend to avoid opening new veniews there and prefer to open smaller shops in other areas.
Number one among them is still 5th Ave, New York with an average rent of 15 000 USD per m per annum. Chanzelysee in Paris is in the second place and Russel Street in Hong Kong is in the third place.
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Category: Bulgaria, Property | Tags: recession, rent, renting in Bulgaria, retail, shops in Sofia, vitosha boulevard Comment »