Bulgaria Property: Is Sofia a good bet for property investors?
9th April 2008
By Noreen Lucey, Property Secrets
Property price growth is driven by two things - economic growth (increased employment and wages increases), and growth in the mortgage markets (the supply of money).
The Bulgarian economy has been performing well over the past few years and foreign Direct Investment into the country is increasing.
The Bulgarian National Bank data shows that in 2007, the country attracted €5.7 billion in FDI - a massive 29.5% increase when compared to €4.4 billion in 2006.
The estimates are that in 2008, the FDI inflow will be as much as 10% higher.
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