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Vitosha park is the leading gated off-plan development in Sofia for expats and professionals, stategically situated only minutes from Sofia's biggest technology park, 15 min. from centre.
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Quality Sofia apartments, doubled in price in a 4 year period. Land for building is still available at price levels considered excellent value for money both for gated residential apartment complexes or commercial estates – office buildings, malls, supermarket centers, warehouses. International property investment is coming in increasing amount in both land market segments.
2007 EU membership and the integration of Bulgaria in NATO , and the European Union populates the capital Sofia with increasing numbers of foreigners, who work there. Quality residential and business property is not abundant, which pushed demand for high end residential property within the Sofia area up.
The global credit crunch started to affect Sofia property market from the beginning of 2009 in a specific way. Low quality residential properties on the outskirts of town and in the so called "pannel complexes" which were overpriced up to the ratio of 1:2 compared to quality property in prime locations with built infrastructure started to drop to their realistic values.
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