Property for sale in Sofia

Sofia, the capital of Bulgaria, is the biggest city in the country, the most developed and also the busiest. With a population of over 1.5 million people, together with thousands of businesses, foreign Embassies, branches of international companies and organisations, corporate HQs and public administration buildings, Sofia has the most developed and dynamic property market in Bulgaria.

This is also valid for the rental market, where both high demand and high price levels are observed. Currently the highest rental income and profit for residential properties can be found in Sofia.

Properties in Sofia also feature the highest rates of price growth. Over the last two years, the average price of apartments in the centre of the city has increased by 50 to 60% to today’s level of 1000 to 1300 Euro per square meter of floor area, depending upon the location and the condition of the apartment. This price growth is expected to continue with moderate increases of 15 to 20% per year for the next few years, until prices reach the levels for similar properties in other Eastern European capital cities such as: Budapest (Hungary), Prague (Czech Republic) and Warsaw (Poland), where the current price per square meter is 1800 to 2000 Euro.