Sofia is set to be the next most popular overseas property investment hotspot in Bulgaria. For several years investors have been focussing on Bulgarian ski resorts and beach resorts. Now real growth could be in cities.
Estate agents advise that developments have been hyped, with agents selling properties on high commissions and at high prices, with unrealisable rental yields.
The general advice is that we should stay clear of the Bulgarian coast in terms of an investment opportunity . The coast has been over hyped, oversupplied, with poor resale and rental opportunities.
Nonetheless, Bulgaria is still quite cheap, with economic growth and EU membership about to boost property prices. So there are some good investment property deals there to be made especially in the cities, like Sofia.
The cities have emerging middle classes, growing affluence, as well as easier mortgage lending to boost house prices.
Sofia's population is growing, with higher wages paid in the Bulgarian capital than anywhere else in the country. Morever, unemployment in Sofia has fallen from 15% in 1993 to 2% presently.
Sofia is a city of people with high salaries, a growing population, as well as 27% of Sofia's population being within the household formation age range of 20-34 years old.
All these factors of course add up to a great demand for housing.
 |
| Property Guides |
Buying property |
| Find Property in the UK |
| My estateagents | |||||
|
Sofia Set to Be the Next Most Popular Overseas Hotspot
Fri, 06 Jul 2007
Recommended links
Britons Invest OverseasOverseas Property Cheaper for Brits
Britons Consider Overseas Property
Apply for an International Mortgage
| Bookmark: |  |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| Estate Agents news |
|---|
| Britains Housing Market Decline To End Next Year - Wed, 09 Jul 2008 |
| Insomnia rife in estate agents - Fri, 04 Jul 2008 |
| Estate agents need regulation - Fri, 27 Jun 2008 |
| More News |
