Innovative property investments
Bulgaria Property Investment News
Sofia 'offers strong investment prospects'
Prospective investors in Bulgarian property have been advised to look at the market in the capital city Sofia.
Property Secrets stated that rental accommodation in the city could be more lucrative for investors as they had millions of potential tenants for the whole year.
However, the company warned that properties in coastal areas may generate less money overall as they were heavily dependent on seasonal factors, such as the climate and tourist trade.
Simon Tweddle, chief analyst at Property Secrets, commented: "If you invest in the city you've got more than two million people who can potentially rent your property from you."
He added that investors in Sofia also had the edge on those who had bought in coastal regions as there was an excess of property in many seaside towns.
According to a recent report by Green Life Property Development, British buyers accounted for one in five real estate deals in Bulgaria this year.
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