Apartment prices in Sofia range from €80,00 to €215,000, i.e. they cost an average of €1000 per m². Gross rental returns are around 6.4%. Yields are higher for smaller apartments of 60-90 sq. m., reaching up to 6.96%. While monthly rents for 150 sq. m. apartments are higher at €1,065, this does not compensate as much for the higher selling price.
Sofia Investment facts:
Bulgaria’s capital Sofia has second lowest property prices of all European capital cities.
3rd highest rental yield in Europe.
Property prices increased by 15.6% between July and September 2007.
High capital appreciation.
Residential property in Sofia yields a much lower average price per sq m than its European neighbours.
Over 95% of residents in Sofia are in employment.
Sofia is a youthful city; the population has an average age of 38.
