Thu, Feb 09 2012

Colliers International: Sofia is one of Europe's cheapest cities to park your car

Mon, Aug 02 2010 15:42 CET 3046 Views 8 Comments
Colliers International: Sofia is one of Europe's cheapest cities to park your car

Photo: Reuters

Parking in the city centre has always been an experience bordering on anything from a sheer nuisance to an outright nightmare, especially in grid locked, congested urban centres, lacking the modern infrastructure which would allow for the city to accommodate the growing number of vehicles. Athens is notorious in the Balkan Peninsula for this trend, but then Sofia is also not lagging too far behind.

But whereas paid parking in Athens rivals that of Washington DC, Sofia still offers considerably lower charges. In fact, Bulgaria's capital is way behind most European cities – and this time – for a change, this is good news.

Whether to park for a day or to have access to parking anytime during the month, the world’s top cities remain among the most expensive places to park a car. According to a report from Colliers International, no one region dominated this year’s survey - with a good mix of North American, European, Asia Pacific and the Middle Eastern cities all represented in the top 10.

Perhaps predictably, the most expensive city to park a car for a month in the world is London. The City аnd West End sub-markets ranked number one and number two in the world. Monthly parking rates in the City topped the global list at $933.00 а month followed by the west end at $874.00, the Colliers report said on August 2 2010.

By comparison, Sofia costs 186.00 leva a month, the report said.

London is followed by Hong Kong in second place at $744.72 a month, Tokyo in third at $654, Rome in fourth at $615, and Zurich at 605.64, wrapping up the top five.

New York is in ninth place – with $538.00, while Washington DC is less than half the price of New York, at $245.00. Athens, on the other hand, is one dollar more expensive than the Unites States capital – at $246.06 a month.

  • Print
  • Send via email
  • Translate to
  • Share:

Comments

Anonymous DS Thu, Aug 05 2010 14:19 CET

Cheapest - well we are one of the poorest cities in Europe. Not much of a leap there.

Anonymous JG Tue, Aug 03 2010 21:05 CET

Provided it is still there of course

Anonymous Cosmos Tue, Aug 03 2010 21:01 CET

Onethorn as it happens I do have a horse for sale are you interested ?no parking fees and when you get hungry you can always eat it.

Anonymous Milen Tue, Aug 03 2010 10:00 CET

I am not sure of the statistics here.
The NDK parking lot used to be 80 leva, or about 60 dollars a month, last year. Let's say not is it 80 dollars.
The article talks about 186 leva. That seems way elevated if we take into the average parking lots just outside the city center. And since the other prices are in dollars, I assume the 186 is actually dollars, which is even more unbelievable.

And Onethorn: you are absolutely right, this is bad behavior, but this was caused by the lack [...]

Read the full comment of large parking lots in Sofia city center. Now, this is changing due to the Malls, which unfortunately were built without too much forward thinking and are getting quite full.

Anonymous onethorn Mon, Aug 02 2010 23:49 CET

RE: Cosmos
Well, the gypsies already have it better than pedisterians, with their horses. So I'll buy it from you.

Anonymous Dianne Hatton Mon, Aug 02 2010 20:29 CET

AT THE MOMENT. Give it 2 more years and joining the Euro, and all will be the same.....

Anonymous Cosmos Mon, Aug 02 2010 20:16 CET

Buy a donkey.

Anonymous onethorn Mon, Aug 02 2010 16:38 CET

Are you even serious? One can park their car (illegally) ANYWHERE they want in Sofia, and much to the inconvenience of pedistrians simply wanting to walk the sidewalks! I would be more than happy to pay extra for LEGAL parking, OFF the sidewalks. What's more, store ownwers (and friends) think that it is their right to park in the middle of sidewalks in front of their stores. This mindset is a supplement to the 'Leaving Bulgaria' article.


To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Sofia Municipality pledges crackdown on illegal parking

Inspectors will be told to ensure that vehicles are not parked improperly on pavements, green belts, in parks, gardens, near play schools, and other areas of rest and recreation. Any vehicle that is deemed to be 'obstructing' pedestrians will be sanctioned.

More in this category

Raiffeisen Real Estate: Prices of Sofia homes returned to 2007 levels

Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.

Most property sales in Bulgaria were people wanting to escape their investment – report

Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.

Bulgarian property market: Home finance easier, media report says

Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.

Bulgarian property prices ‘have hit bottom’ brokers say – report

Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.

Budapest, Skopje at top among ‘Europe’s top 20 places to invest in property’

Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.