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Bulgaria Property Investment News
Bulgaria shows continued improvement
Property in the Bulgarian capital of Sofia has shown a bigger price rise than anticipated, according to findings published by research website investor.bg.
The Sofia Echo reports that housing prices in the capital's residential districts have risen significantly since Bulgaria's accession to the European Union, exemplifying the nation's excellent investor potential.
Prices per square metre in the Lyulin, Mladost and Nadezhda areas of Sofia exhibited growth between three and 12 per cent, though the average was affected by price drops in some parts of the city.
David Cox of Property Frontier told Channel 4 that he expected the Bulgarian property market to continue to perform well.
"I believe that the stable political environment and broad popularity of the region makes it a very safe bet and one of the more secure investment opportunities in eastern Europe," he said.
British property firms have recently endorsed the strength of the Bulgarian housing market, with Knight Frank placing the Balkan nation in fifth place in terms of European house price growth for 2007, while Assetz named Bulgaria as the third best place in Europe for buy-to-let investment.
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