Sat, Feb 11 2012

VACATION PROPERTY MARKET IN BULGARIA'S CAPITAL SEES RE-DISTRIBUTION

Mon, Mar 12 2007 14:00 CET

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Until recently the districts of Boyana, Dragalevtsi and Simeonovo featured among the most preferred vacation property sites in the capital of Sofia.

Sofia's vacation property market is seeing re-distribution, Capital newspaper reported.

Until recently the three areas featured among the vacation property regions but now have become regular residential districts.

Buyer interest has been re-directed to the relatively accessible and still inexpensive regions of Gorni Lozen, Dolni Lozen and Pancherevo. Interest in the villages located in the Sofia region is also growing. The property market there is still calm, agents said.

Gorni Lozen is located close to Sofia and features mountainous landscape. A plot there until recently cost 45 euro per sq m and is now evaluated at 80 to 85 euro per sq m.

Pancherevo, Bankya and Bozhourishte also have good investment potential, Capital reported.

Agents said that most of the buyers are Bulgarians looking for a villa. Most people dislike already finished buildings and prefer to buy a plot or older property that can be renovated according to their own taste.

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