The Bulgarian property market has certainly had its fair share of media attention in recent years with specific focus on the coastal holiday home market. As a result of this, there is no secondary market, developments have been hyped and sold by agents on high commissions and price rises and anticipated rental yields are, for the most part, unrealisable.

At Property Secrets we believe the real opportunity in Bulgaria lies, as it does in other markets in central and Eastern Europe, in the cities, and in particular Sofia.

Demand for property in the cities is driven by three factors: the emerging middle classes who provide the demand for modern apartments, plus increasing affluence coupled with the supply of capital in the form of mortgage lending. We are currently seeing all these trends in Sofia.

Why Bulgaria - Key economic factors?

Bulgaria overall is currently showing good economic signs and strong FDI. The country is attractive to business investors largely due to its stable political, economic and social climate. It has some of the lowest operational costs and tax rates in Europe.