Sofia ‘super-prime’ soaring

An influx of high-profile investors has created a new luxury market in Sofia…

That is according to overseas property company Obelisk International, which maintained that Sofia's high-end property was attracting an increasing number of foreign investors, including Hollywood stars.

James Gonzalez, market analyst at Obelisk, commented: ‘The luxury property market still offers some quite affordable opportunities to overseas buyers. A luxury apartment in Sofia's commuter belt averages around £100,000 - you would be hard pressed to find a good apartment in the Costa del Sol for that price."

He added: "British buyers, who still believe Bulgaria to be a destination for low end investment rather than a second home or luxury rental investment, need to revisit the market."