The lack of any significant quantity of quality housing has created tremendous demand for new living units, most significantly in the capital, Sofia. The market has responded with a large number of building projects in recent years, both large and small, throughout the city.
Investors able to supply capital to these projects by buying in during the early stages of construction are usually able to secure prices highly discounted to the current market rates; some prices can be as much as 35% lower.
There are number of factors to consider in purchasing new construction apartments; some of the most important include: (1) the location, especially if your investment plan includes a quick resale; (2) the reliability and the integrity of the builder; (3) the quality of the construction; (4) and the terms of the deal.
We are constantly keeping abreast of the new projects planned or underway in the Sofia area, plus we are able to do extensive background checks on the contractors and their building history before considering a property. We are also very familiar with the local trends in the market and are able to offer valuable advice on the desirability of certain locations and most advantageous style of units for investment.
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