Investors consider Sofia a good place to buy a property
Bulgaria is among the top five countries in Europe, which are still considered to be good zones for investments according to the managers of several leading real estate agencies in Great Britain. These managers are impressed by the bank reserves in the company and the stable economy. Another factor which the leading foreign real estate managers are considering is the number of foreign citizens, which are working in Bulgaria. These are approximately ten thousand people, mainly from USA, Greece, Turkey and Germany, which are mostly concentrated in the capital Sofia. Some of these people are coming as their companies have outsourced part of the business to Bulgaria or they have found a job themselves.
The Sofia districts that are most appealing for the foreign building companies for the construction of residential complexes are the zones around Interpred and in Iztok district, the area close to the Business Park, the airport, the “Tsarigradsko Schousse” Blvd., Manastirski Livadi district and Dianabad. The residential complexes that are in the pipeline feature more than one hundred and fifty apartments worth forty million euros. When these apartments are completed, they will be rented on short-term basis for one-two weeks and sometimes more. The rental price per month depends on the size of the certain apartment. The apartments in the pipeline will be furnished and designed in a similar way, as the rest of the serviced Sofia apartments and will be offered to tourists, business people, employees, managers.
Often people who decide to purchase or to rent an apartment have several factors to consider. The price of Sofia apartments depend mainly on the location and the infrastructure, but also on size, additional bedrooms and premises, the good quality of the construction, the available amenities and the option of gated complexes. The most sought-after districts are the central zone as these apartments are perfect for tourists and districts like Lozenets, Mladost, Darvenitsa, Students Town, Dianabad, Buxton. The new metro stations of the Sofia underground evoked the interest towards districts like Lyulin. The crucial factor however, when buying or renting Sofia apartment is the price and the reasonably priced properties are the first to go.
