06.07.2007

The capital of Bulgaria – Sofia can be the next “hot spot” for property investments, shows the analysis of Property Secrets.


Actually Bulgaria as a whole is pretty interesting for property investors in the last years. The interest is focused mainly in coastal and mountain resorts. Right now the attention is redirected to the big cities, according to Property Secrets.


We believe that, as well as in the rest of the Central- and East European countries, the real opportunities in Bulgaria are in the big cities, say the analysts. The demand for property in the larger settlements is empowered by 3 factors: the emerging middle class, which looks for modern apartments, the great abundance and presence of capital from mortgage loans. All of these prerequisites are met in Sofia, claims Property Secrets.


Among the reasons, that Bulgaria is so good for investors is the stable political, economical and social climate, as well as the fact that production costs and taxes are among the lowest in Europe.


The property-boom began in Sofia, than moved to the seaside – mainly in Varna and to the mountains – Borovets, Bansko and Pamporovo. We believe that Bulgaria will have significant growth, especially in Sofia and the other big cities, comment the analysts.


Property Secrets is company of independent analysts, commentators and mediators, who are developing their business activities allover Europe.