Sofia property: Where are the hot property investment areas in Bulgaria's dynamic capital?
27th February 2008
By Steve Desmond, Investment Director, Property Secrets
While some investors may have got their fingers burnt in the ski resorts of Bansko and in Bulgaria's coastal regions, it is quite a different story in the capital city - Sofia.
Boom time is coming to Sofia where there's a huge, unmet demand for modern housing.
We are forecasting growth of around 20-25% in Sofia in 2008.
And, unlike Bulgaria's coastal regions and ski resorts, the property market in the capital is being driven by the domenstic market - not foreign buyers - thereby drasticastically reducing the risk of oversupply. And this also means that you largely avoid the risk of there being virtually no secondary market - which has been the problem on the coast.
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