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Sofia also has one of the fastest growing real estate markets in Bulgaria, mainly because the city is so large that there aren’t enough houses for everyone. The housing shortage means that there are loads of new apartment buildings popping up in the city giving foreigners plenty of opportunity for investment.
With so many people there is just not enough rental places; this is where there is great potential for investment return, that is, if you decide to invest in Sofia real estate. The cost of real estate is higher in Sofia than other smaller cities, but the price is still lower then most other European countries. One of the properties that have the greatest potential for getting money from an investment in Sofia real estate is apartments. There are things you need to consider if you want to get the most out of your investment in Sofia apartments. First of all you need to consider location and secondly you need to consider the prices.

Some of the best places for investment in Sofia real estate are the center of the city and the business district. The center of the city offers newer apartments that may cost a bit more than other apartments. This is a great investment opportunity because the center of Sofia is where business travelers and frequent tourists want to stay. The only problem with buying an apartment in this area is parking. As with any large city, there are not enough parking places. If you buy a parking space with your apartment it will greatly increase your investments value because it eliminates the need to drive up and down the streets or even pay for a parking space for the people you are renting your apartment to.

Now the business district is also a great place for you to buy an apartment because there are a lot of people who may be towards the top of their business who need places to stay. These people would most definitely be interested in renting apartments in the bustle of the business parts of Sofia. You might want to consider buying a parking place with your apartment in this part of Sofia as well.

For those of you who can not afford the newer apartments in Sofia real estate there is another great investment opportunity as well. This would be buying older apartments that need to be renovated. This is a good investment for two main reasons. The older apartments will not cost you as much to buy while giving you the opportunity to renovate it to your tastes and you may end up having a wider range of renters because it will not cost them as much to rent an older apartment. A lot of people in Sofia can not afford the new, modern apartments and will opt for an older one instead, but, it really does not matter what type of apartment you invest in, because in Sofia, you will be able to find a renter.