Sofia

Sofia information:

Founded seven thousand years ago, Sofia is the second oldest city in Europe. The city has had several names in the course of history and the remnants of the old cities can still be seen today. Among the huge number of places of interest are Alexander Nevski Memorial Chirch, Rotunda of St. George, The Natural Palace of Culture, the Chirch of Saint Nedelya, Sofia University, Mount Vitosha. Sofia is the administrative, political, financial and cultural center of Bulgaria.

Buying property in Sofia. The property market in Sofia:

Investing in property in Sofia offers greater flexibility and longer term security than any other property in Bulgaria. The property market has seen a steady growth in the last years, although not as abrupt as the growth in the resort areas like Sunny Beach, Bansko and Pamporovo. Biodar speciliases in new development properties in the centre of Sofia, and mainly in the preferred southern areas, close to Vitosha mountain that offers great skiing facilities, just 20 minutes away! These areas include Lozenets, Boyana, Strelbishte, Borovo, Ivan Vazov, Motopista and others.

The average rise in apartment prices countrywide over the last year is 36.6%, the National Statistical Institute says. Price levels, achieved in the residential property market in Sofia, remained the highest in the country.

Last year data confirms the trends so far - the capital Sofia sees the most brisk demand! This makes Sofia one of the best places for investment in Bulgarian property.

The attraction of foreign investments is to a large extent also favoured by the fact that the municipality itself invests in the development of the urban infrastructure, underground and above-ground, whilst also relying on the fact that big foreign investors will invest means and efforts in its completion and modernization. In fact, a number of projects are currently underway.

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