Sofia cited as cosmopolitan city

3 January 2007

Gone are the days of concrete tower blocks and streets lined with run down cars, Sofia, Bulgaria’s capital, is now considered to be among Europe’s finest cities with the fastest growing new economy in Eastern Europe.

Overseas investors are flocking here to buy up the cities bargains whilst the young and old sit amongst the contemporary cafes, chic shopping venues and hip nightclubs. With quality fashions stores opening up and blue chip companies setting up home here, employment is rising and property prices still keep going up, despite the huge amount of redevelopment in 2006.

With companies such as Hewlitt Packard, Microsoft and Coca-Cola opening new offices, confidence in the city is booming and the quality of employment and personnel is improving from the once communist rule that was this country.

The benefits of this ever developing city make it a fantastic proposition for the overseas investor and expat community. As well as the young social scene, new schools and health clubs are being built, shopping complexes, luxury apartments on beachfront locations and not forgetting the stunning backdrop of the snowy mountains, all of this combined makes Bulgaria a country with plenty to offer.

With the planned opening of a new runway at Sofia airport, more low cost airlines will be flying here and this will further improve the low cost holiday package to benefit the holidaymakers and investors who can expect continuing rental opportunitiest.With the beachfront locations becoming saturated with luxury apartments and high quality resorts, Sofia is fast developing as the next hotspot along with the snow covered mountains in Bansko. With prices rising as much as 30% here investors are not disappointed as they continue to see high returns in this developing country.