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Sofia set for 25% property price inflation

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  • Sofia set for 25% property price inflation

    Overseas investors in Sofia, the capital of Bulgaria, are likely to see strong property price growth during 2008.Market analyst, Property Secrets, is predicting that shortage of supply will push prices up 25% in the coming months. The city currently has a population of around 1.2 million but rural Bulgarians are flooding in, mainly because the [...]

    More: Sofia set for 25% property price inflation

  • #2
    Bulgaria is the cheapest European country so the credit crunch will draw more people there. Many areas in Bulgaria are over developed (Bansko and the coast), under developed and dodgy (Borovets) or over priced (Sofia). However, check out Pamporovo - it is the most southern mountain resort in Europe, an hour from the Greek border and 1.5 hours from the White Seas coast. It has a meditteranean climate, so great skiing and great summers. this means that if you buy a property there you get all year round rental returns. Then there is the Super Perelik Project that will link two peaks to create 217 km of ski runs, and small airport, a golf course, and will make it the most popular resort in Bulgaria. The area has a protection order on it so there is limited development allowed...which avoids overdevelopment!
    Check out the Palaz - the highest development on piste. Check out a company called No More Hotels.

    Also Check out this news story : The Sunday Times, 16th March 2008...
    Knight Frank’s latest quarterly Global Property Index, made available
    exclusively to The Sunday Times, shows that prices in many parts of the
    world are still rising at a considerable rate — and, in some cases, have
    even been accelerating. The list is headed by Bulgaria, where prices rose
    34% last year, compared with 17.4% in 2006