ofia, as Bulgaria’s As well as being historically
capital, offers foreign important, Sofia is also
purchasers a wonderful culturally and geographically
investment opportunity. Many significant. Throughout Sofia,
foreigners actually miss the idea there is an enormous selection of
of investing in Sofia, in favour pavement cafes, restaurants and
of the faster growing costal large parks. One of the great
resorts such as Sunny Beach and plus points of Sofia is its
the ski resort of Bansko. wonderful location; within half
an hour of the city is the
Last year, however, Sofia saw the Vitosha National Park as well as
greatest property value growth in the superb skiing in Vitosha.
Bulgaria, showing that there is a Bulgaria has started a campaign
great deal of potential in the to host the 2014 Winter Olympics;
capital. Sofia is approximately if it is successful, Sofia is
550 metres above sea level, likely to see even greater
situated at the bottom of Mount growth.
Vitosha. Interestingly, Sofia is
actually the highest capital in A leading Bulgarian lawyer has
Eastern Europe and has a commented that ‘as far as the
population of around one million. smaller investor is concerned,
there is an over saturation at
Sofia has had a relatively the Black Sea, so Sofia offers an
troublesome history and has only attractive alternative’. He also
recently become fully free from stated that between the years of
communism. Since its liberation, 2002 and 2005, property prices in
Sofia has developed itself as the Sofia have doubled.
financial, political and cultural
centre of Bulgaria. Prices of Property in Different
Parts of Sofia
Euros, in this area.
One-bed apartments in Sofia can
be bought for around 50,000 Central apartments will always be
Euros. Although these are in reasonable demand for both
considerably smaller on average locals and tourists. Most of the
than the one-bed apartments on nightlife, bars and restaurants
the coast and in seaside resorts, are around the central areas,
which are typically around the 50 making such apartments popular,
to 60 square metre-sized if a little noisy!
apartments.
Further outside the centre,
As with most large cities, towards the National Park and ski
central apartments of a resorts, the entertainment is not
reasonable size are in huge quite as lively. However, the
demand, with a two-bedroom scenery becomes truly
apartment of approximately 100 spectacular, attracting locals
square meters setting you back in seeking a quieter life, whilst
excess of 75,000 Euros. still being close to the city
centre.
Slightly out of the centre of the
city, there are more bargains to Lozenents, as one of the most
be found, with larger properties salubrious areas of Sofia,
of four or five bedrooms costing attracts the high earning locals,
around 70,000 to 90,000 Euros. as well as visitors who want to
One of the exceptions to this is feel that they are staying in the
the up-market Lozenets, where lap of luxury.
prices are often higher than the
very central areas. A two bedroom Rental Market in Sofia
apartment of 120 square metres
could cost as much as 160,000 Renting a property in Sofia is
relatively easy, with several excellence with much historical
market options available. More significance.
foreign companies are now
starting to open up offices and Sofia offers a wealth of
branches in Bulgaria where the opportunities for any investor,
workforce is qualified, but a regardless of their target
great deal cheaper than in the market. As well as already being
UK. As a result, there is an a fascinating place to stay,
increasing demand for good Sofia is also a city that is on
quality apartment accommodation the up, both as a tourist
for the wealthier employees, in destination and an economic
the capital. powerhouse.
Sofia is also a popular tourist Ignore Sofia at your own peril!
destination, due to its wonderful
location combining cultural
About the Author:
Providing essential information on buying Bulgarian property, Tem Pearson is dedicated to offering all the necessary information for people looking to buy property in Bulgaria. Visit www.buying-property-abroad.info/Bulgaria.
Read more articles by:
Tem Pearson
This article is distributed by: www.iSnare.com 
