Bulgaria's capital offers better investment prospects than coast
Sofia could offer much more opportunities for investing in property than the cost according to an expert.
Those hoping to generate money from investing in Bulgaria should ignore the coast as it was less rofitable and focus on Bulgaria's capital, Simon Tweddle, chief analyst at Property Secrets said, as quoted by propertyshowrooms.com.
Cost resorts depended on seasonal factors including tourist visits and the weather, Tweddle said. Many coastal regions had an urplus of property currently available on the market.
''If you invest in the city you've got more than two million people who can potentially rent your property from you", Tweddle said.
Bulgaria is empting to business investors largely due to its stable political, economic and social climate. It has some of the lowest operational costs and tax rates in Europe, propertysecrets.net announcsd.
''Demand for property in the cities wa driven by three factors: the emerging middle classes who provide the demand for modern apartments, plus increasing affluence coupled with the supply of capital in the form of mortgage lending. All three trends were visible in Sofia'', the site announced.
We can certainly recommend this company. They are profesional and extremely helpful. You hear many frightening stories of foreigners getting ripped off in Bulgaria by rogue agents and con men. The owners of this company could teach the English estate agents a lesson or two in customer care. Nothing is too much trouble to them. The whole buying experience went extremely smooothly. They took care of setting up bank accounts for us, both personal and the required buisness account. Registering the property and sorting utility bills. During our search for the right property in Bulgaria, we dealt with many different estate agents and without doubt these were the most helpful and friendly. Unlike UK estate agents where you get met at the house of your choice and ten minutes of their time, with Bulgarian House, you are driven around a range of houses within your given budget. We have now owned our house for just over a year and in that time we have turned to Bulgarian House for help and advice and they always act on our requests. We would certainly recommend paying them to project manage any work as they can be trusted and it is worth paying what we have found to be amazing value for money. In summary we trust them 100%. I would say try Bulgarian House first and you won\\\'t want or need to try another agent. Steve & Ann. Lancaster, England
— Steve Darby, England