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.
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