Sofia is not only the capital of Bulgaria but the state’s heart. The city is a cultural, administrative and industrial center and its motto is rightly It Grows but Does not Age. Sofia is the biggest city in Bulgaria and it is surrounded by picturesque mountains – Stara Planina Mountain to the north, Vitosha Mountain to the south, Lozenska Mountain to the southeast and Lyulin Mountain to the southwest.

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.

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 but, understandably, this is also where you will find the highest prices!

In the last year and a half the property market in Bulgaria changed as a result of the global crunch. 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 and near 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 the area of Sofia.

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