Songs in Sofia

Bulgaria is working harder than most in treading the financial & real estate seas, and property in Sofia is helping it keep afloat.

A recent report by industry experts Address, show an increase in sales of newly constructed properties in September, in the capital, and that this increased activity is down to investor interest.

Figures would indicate that over 20% of sales of property in Sofia were directly down to new investor activity. Owners of modern rural property in surrounding towns and villages are also now showing an ability to afford to buy in the capital thus saving the commute.

Real estate in Bulgaria has suffered the same fate as markets globally. One example seen in Sofia recently was the sale of a 3 bedroom apartment, offered at 110 000 euros three months ago, realising a sale value of only 77 000 euros. Figures show that 94% of deals were driven by attractive low prices.

Against the background noise of bankruptcies, songs of optimism can be heard and Sofia, in places, is writing the music.