Sofia 'one of Europe's most attractive property locations'

Article Date : 07 June 2007

Sofia in Bulgaria has been named as one of the most attractive capital cities of Europe in terms of property investment, it has been advised.

Research from the Global Property Guide found that EU membership requirements had led to reforms in Bulgaria that were proving to be beneficial to the property market.

The annual gross rental income in Bulgaria now stands at 10.6 per cent on average, the Sofia Echo has reported, with Sofia itself rated the third most attractive European capital city in terms of its property market.

The Global Property Guide's assessment criteria included annual rental income, prices per square mile and a country's GDP and legislation, the paper added.

A separate study found that foreign investors had but EUR310 million into the country since the turn of the year - a year-on-year increase of 63 per cent, and one that was principally fuelled by interest from UK investors.

Sofia 'one of Europe's most attractive property locations'

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