SOFIA CITY PROPERTY
 
 
Real estate of investment interest in Sofia city is concentrated in 3 major groups: 
Land for building, commercial property, residential apartments,    
Bulgaria's 2007 EU membership and its ongoing rapid integration into the global mainstream brings more multinational companies staff and expats to the city. Quality residential and business property is in a relatively limited supply, which pushes demand for high end residential estates within Sofia city up.  
The trend is expected to continue due to the strong influx of private and EU money, which will keep economic growth on the rise in the foreseeable future. 
Most of the quality Sofia residential estates on offer are suitable for letting, providing good rental returns.
 
Sofia city property offers good rental yields
Off-plan residential developments in the city are usually raised as small blocks of flats and are easily sold to international investors and Bulgarians who can afford it in growing numbers. Opportunities for long-term rental or quick onward sale on completion are good.  
Land for commercial purposes is available as well, but the price of larger plots, suitable for bigger stores or office buildings with good infrastructure links has rocketed 100% in 1 year mostly due to week supply.  
Sofia city property market is the most mature one and maybe the most dynamic regional real estate market in Bulgaria.  
It is widely believed that prices for quality properties will stay stable in 2009-2010 .
 
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