Bulgarian property investment hotspots highlightedBulgarian property investment hotspots highlighted
New areas for property investment are beginning to emerge in Bulgaria, according to Balkan Holdings.
Managing director of the group Chris Northam has said that some of the country's major inland cities are becoming more popular with those investing in property abroad.
Commenting on popular areas for property investment in the Balkan country, Mr Northam remarked: "It has historically been the ... coastal resorts and the ski areas, but we're seeing a noticeable increase ... in and around the centre of Sofia, the capital, and a couple of the more regional cities like Plovdiv ... and Varna."
Quoting National Statistical Institute figures, the Sofia Echo recently reported that Bulgaria's average house price rose by 7.5 per cent in the third quarter of 2007.
The publication also highlighted research by Colliers Bulgaria which suggested property prices in newly built residential districts of Sofia have increased to €1,000 (£744) per sq m.