Decline in prices on the property market
Currently, the most sought after residential homes in Sofia are the small apartments like studios and 1-bedroom flats; however the demand is expected to increase in autumn. At the moment, the average decrease in the market prices of the apartments in Sofia has reached approximately 18 %, when...
Sofia Airport to upgrade category
Sofia airport has been granted a 3A category, meaning that airplanes could land with a visibility a slow as 200 meters. After its renovation the airport in Sofia had a category 1 permitting lending of airplanes with visibility of 550 meters or more. The Transport Ministry then had established a...
Sofia apartments rental market: new trends in autumn 2008
Contrary to the sales market in the capital which is slowing down, the rental market in Sofia is characterized with a stable growth and the prognosis are for increasing of the interest towards rents in the next few years. Today, many people feel more secure to rent an apartment than to take a...
Sofia City attracts many tourists and most of the foreign direct investments
Recent research showed that the Bulgarian capital Sofia has attracted almost eighty per cent of all foreign investments made in the period 2007 – 2008. At the same time Sofia provides more than thirty per cent of the Bulgarian GDP and enjoys an economic growth of fifteen per cent each...
Coming to Sofia for a longer period? Rent your serviced apartment for the entire season!
With the autumn on our doorstep and the new business season starting, many executives and diplomats are heading towards Sofia. Some of them will stay for a short period, but some will spend months in the capital, monitoring the business activities of their employees. For all those people are now...
Sofia: the next long weekend destination with collection of serviced apartments for rent.
The beautiful Bulgarian capital Sofia has all the preconditions for becoming the next hotspot for affordable long weekend holidays. The marketing research ordered by the British Consulting Company Saffron was based on the trade aspect of the cities in Europe in terms of conveniences, tourist...
Renting Sofia Apartments and Houses in the luxury segment on demand
According to the leading real estate and property management companies the strongest demand on the rental market is for luxuriously completed and fully furnished apartments in the prestige residential areas, the centre and the ex villa zones that are now part of the capital. This segment of the...
Steady Sofia apartment rentals? Not any more, they are going up.
The first half of year 2008 has already ended and the research made on the Sofia apartments rental market showed that the six month period was characterized with increase in the rental rates. This is due to one of the main characteristics of the rental market in Sofia, namely its constant rather...
New Sofia Apartment in good area is paid back with approximately 15 years of renting
The recent surveys on the property market reveal that if rented out, a studio and one bedroom apartment in the good residential areas of Sofia could be paid back for a period of approximately fifteen years. The sum for the rent depends mainly on the location of the apartment, followed by its size...
