Real estate in Bulgaria
Bulgaria is to continue to attract foreign investors thanks to its high potential in the real estate sector. In 2009, the prices of real estate have fallen by almost 25% compared to the prices in 2005. There are very good opportunities to acquire real estate at attractive prices and to be able to resell it by making short and long term profit.
Real estate in Bulgaria offers interesting perspectives if one considers the infatuation that the real estate sector could generate in the years to come due to the flow of more and more important investors. It is therefore highly advisable to consult a specialist in real estate in Bulgaria before developing your project in Bulgaria.
Nowdays, transactions in the area of real estate focus on three types of housing:
- The apartments -residences in the regions of the South of Sofia and the newly-built apartments of high quality in the entire country.
- Offices and commercial surfaces especially in Sofia and the big cities.
- The renovation of tourist infrastructures at the Black Sea (the towns of Nessabar, Sveti Vlas, Sozopol, Slanchev Briag) because it is now the responsibility of the ministry of commerce and tourism.