Britons living in Bulgaria. Guide to Bulgaria, Sofia and Varna

Your Pasport to Investing in Bulgaria. Investment, holiday and ...
Spirit of Adventure Brings Britons to Bulgaria for Property. post date: Thursday 25th of January 2007. Residential Prices in Sofia Bulgaria's Highest for ...

Bulgaria’s capital city had more than 523 000 housing units in the beginning of 2006. Buyers continue to prefer properties that are completed or in the final stage of construction. Colliers International wrote that yields continued the slow compression from the previous period and ranged between seven and 10 per cent for single deals of residential properties in the first half of 2006. Doctors’ Garden remained the most expensive location with average rents above seven euro a sq m, followed by Ivan Vazov, Iztok and Lozenets. Doctors’ Garden, which is considered the most prestigious neighbourhood in Sofia, leads the way with the highest average asking price at of 1700 euro a sq m. However, rents for the most exclusive properties in Bulgaria exceed 10 euro a sq m in all four locations. In fact, average prices for one-bedroom apartments in some areas experienced a slight decrease from 2005 year-end levels. Most of the supply comprises two- and three-bedroom apartments. Such developments continue to be concentrated mostly in the southern suburbs of Boyana, Simeonovo and Dragalevtsi.In general, rental rates remained stable in the first six months of 2006. The Ivan Vazov area follows with an average asking price of 1325 euro a sq m. The rental market experienced an increase in supply during the first half of the year. The stabilisation trend is expected to continue further. This is driven by the increased supply of middle-market and high-end properties offered for sale. With the growing number of new stand-alone and compound developments delivered on the market, the number of houses offered for rent is also increasing.