Bulgaria Property for Sale in Sofia

Combining Historic (and Ancient) Elegance
With a Cosmopolitan Renaissance

Bulgaria Property for Sale in Sofia

Without exception, Sofia, the capital of Bulgaria, is by far one of the most fascinating and enchanting cities in the entire country. The ancient city of Sofia has been in existence for thousands of years. Sofia is filled with amazing archaeological sites and tremendous edifices that have stood the test of time, like the St Alexander Nevski Cathedral and the amazing Towers of Serdica.

St Alexander Nevski Cathedral

With over 1.5 million people living within the capital and less than 3% unemployment rate, Sofia is developing very fast. In recent years, Sofia has experienced a building renaissance. The combination of the collapse of the Soviet Union and the fall of the Iron Curtain has propelled Sofia to becoming one of the most cosmopolitan cities in Europe. Bulgaria’s imminent entry into the European Union has made Bulgaria property for sale in Sofia a hotspot for real estate investment and property development.

Investment Hotspots!

A general guideline for apartment purchase is to keep within the ring road around Sofia (beltway) – The Bulgaria Boulevard is developing into a profitable area for investment, with great views down to Vitosha Mountain.

Investors are mainly interested in apartments around the Lozenets and the Doctors garden quarter area. Bulgaria property for sale in Sofia in these areas is generally older buildings with good letting potential from tenants, such as business people, diplomatic staff, cooperate clients, and the hundreds of students studying at the nearby Sofia University.

If you do decide to invest in Bulgaria property for sale in Sofia, you will definitely be able to resale to local people. However, if you invest in the ski resorts or Black Sea Coast, you may only be able to resale to foreign investors because that market currently is still very speculative.

Luxury Studio in Sofia

In terms of rental return, you will be looking around €400 to €650 per month all year round for a one-bedroom flat and €700 to €1000 per month for a two-bedroom flat.

The main problem tenants face when renting a property in Sofia is the shortage of parking spaces, but there are parking lots to rent for a monthly fee of €40-€50.

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