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Date stated in the original: 27 January 2016. Review note: 6 November 2026.

The text of the original article

Increase in property investment values and yields in Bulgaria — image from the original website

Residential properties in Sofia currently offer average rental yields of 5.4%, according to Bulgarian Properties. This compares with an average interest rate of about 1% earned on deposits in local banks. The number of property transactions in Sofia has risen by about 30% this year, and residential property prices have increased by about 6%, according to data compiled by Bulgarian Properties. The rise reflects a “recovery trend after several years of stagnation” and offers “opportunities for capital gains in the medium to long term”, the company said in a statement. Monthly rents for one-bedroom apartments in Sofia range from €300 to €550; for two-bedroom apartments, from €400 to €800; and for large apartments, from €900.

The average price of apartments sold in Sofia rose in the fourth quarter of 2015 to more than EUR 800 per square metre, the first time prices have reached such levels since 2011. According to data collected by the real estate company, apartments in Sofia sold for an average of EUR 815/sq m in the fourth quarter of 2015, up from EUR 794/sq m in the third quarter and EUR 764/sq m in the fourth quarter of 2014. The average cost of apartments sold in Sofia between October and December last year was EUR 75,280. The fourth-quarter figures bring the average price of apartments sold in Sofia last year to EUR 790/sq m, an increase of EUR 45/sq m over 2014.

The average price of apartments sold in the Bulgarian capital was 70,200 in 2015. Apartments in Sofia were offered at an average price of €880 per square metre last year, an increase of 2% over 2014. “2014 was the year buyers returned; 2015 brought a substantial recovery in Sofia's property market.”

As repeatedly predicted, the property market has returned to growth, as have rental yields.

Investing in Bulgaria through one's own property company can be an excellent opportunity, but it will be necessary to act quickly.

De Amicis & Petrova Law Firm provides comprehensive technical and legal assistance for informed property purchases in Bulgaria, helping to avoid unpleasant surprises.

Buying a home in Bulgaria, as in Italy, is an economic transaction requiring appropriate professionalism and expertise and must not be entrusted to improvised, unprepared “consultants” or “fixers”.