When making investment in Sofia property, it is important to ensure you invest in the right property in the right place. Below is a short guide to Sofia including the best areas for investment in Sofia.
Sofia is strategically situated in western Bulgaria and has excellent communications. Sofia International Airport offers numerous international flights (many budget) and Sofia's main motorway links Belgrade and Istanbul. Within a guide to Sofia communications is also the railway line to Western Europe. Sofia city centre therefore enjoys a prime location within Central Europe.
Sofia is an important business centre with hubs such as Stolichna and the Sofia Airport Center attracting numerous companies and by extension, employees. Sofia property is therefore in great demand and areas within Sofia's commuter belt are a popular choice for migrant workers. In this guide to Sofia is Kostinbrod, which falls within the belt and offers excellent potential for the investor in Sofia property. Kostinbrod's expansion means the area will shortly form part of Sofia's suburbs. Complexes in north and west Sofia are currently seeing high price increases.
Another area worth consideration in a guide to Sofia investment is the city centre where Sofia apartments are a popular choice - average prices have doubled over the last 2 years. With its high migrant population, influx of ex-pat workers and growing tourism, Sofia property generally offers high rental potential. Sofia is cited as the third city in Europe for highest annual rental yields, which are currently around 6.5%. This together with forecasts for future strong price growth (15% to 20%), makes Sofia property investment a compelling choice.
