Properties and real estate in Sofia for sale and rent
Sofia, the capital of Bulgaria, is the biggest city in the country, the most developed and also the busiest. It is located in western Bulgaria, at the foot of Mount Vitosha, and is the administrative, cultural, economic, and educational centre of the country.
With a population of over 1.5 million people, together with thousands of businesses, foreign Embassies, branches of international companies and organizations, corporate HQs and public administration buildings, Sofia has the most developed and dynamic property market in Bulgaria.
The property market in Sofia is probably the most dynamic in the country and is also the one attracting the most attention on the part of investors. No matter whether prices increase or drop the real estate market in Sofia is never quiet and always presents a challenge.
In the beginning of 2010 in the city property segment and mostly in Sofia we are witnessing a calmer market which is overcoming the initial shock of the crisis. According to data of BULGARIAN PROPERTIES the decrease in property prices in Sofia is smaller compared to other parts of Bulgaria – 23% in 2009 compared to 2008 in Sofia, the average decrease around the country for the same period being 36% (based on actual concluded deals by the company). Experts do not forecast another so significant a decrease in prices of properties for sale and rent in Bulgaria making the moment right for striking a bargain property deal in Sofia.
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