New builds in Sofia for Sale

Sofia on the map

Sofia is the capital and the largest city of Bulgaria. The population of the city is 1.41 million people as of the year 2020. It is located at the foot of the Vitosha mountain range, on its western side. The climate here is moderately continental.

It makes sense to invest in an apartment in Sofia

Sofia is a city with good development dynamics, an attractive place for investment. Since Bulgaria is a member of the EU, the relevant standards for the protection of individual rights have been adopted here. University diplomas and recommendations from the workplace in Bulgaria are recognized in other European countries. The unemployment rate is low. Compared to other European capitals, the cost of living is not particularly high.

Why is it more profitable to buy apartments from developers in Sofia?

This gives clients the opportunity to choose a suitable apartment, that is convenient in terms of number of storeys, layout and area, to get an acceptable price from the developer. Construction is carried out in accordance with European standards, environmentally friendly materials from the best manufacturers are used. Heat and waterproofing ensure comfortable and long-term use. Residential buildings under construction in Sofia are characterized by original and memorable architecture.

Review of prices for new homes in Sofia

Property prices in the capital of Bulgaria are considerably lower than in the megalopolises of Russia and Europe. According to the information provided by the real estate search engine GEOLN.COM, the lowest price is $1270 per sq.m.

Areas of Sofia for living, business and purchasing houses

The capital is a densely populated center and ideal for investment. There are unkempt areas of old buildings in the city, where prices are low. There are areas that were more neatly built up during the time of socialism, but they are also not prestigious. There are also modern blocks built according to European standards. Among the prestigious areas that are being renovated or built up with modern housing are: Oborishte, Lozenets, Mladost and others. Outside the center, ecologically clean areas along the Vitosha mountain range are very popular. Especially famous is the low-rise Boyana area, where businessmen and politicians live. You can also pay attention to the rest of the southern districts of Sofia. The North (Lyulin, Nadezhda, etc.) is not very favored by buyers - there are many industries and blocks of the same type.

Peculiarities of the purchase of real estate in new developments in Sofia by foreigners

In Bulgaria there are no restrictions for the purchase of real estate (apartments, studios) by foreign citizens in apartment buildings. Buying land and houses with their own territory is possible only for a legal entity. The exception is EU citizens.

On the guarantees of the safety of life in Sofia

In recent years, there has been significant progress, thanks to government measures to improve legislation and improve the efficiency of the law enforcement system. To protect yourself from deception, you should use the services of experts.

When buying apartments in buildings under construction and apartment complexes, it is important to choose a reliable developer. In Bulgaria, all notaries have access to a unified database of real estate, to the Bulgarian identity card fund, to data on heirs and deceased citizens. In this way, both the authenticity of the documents and the legal purity of the transaction can be verified.

To help non-resident buyers, experts of the Bulgarian real estate market publish recommendations and reviews in the specialized heading of Bulgaria reviews on GEOLN.COM, where you can find all the information about the process of purchasing real estate.

In Sofia, as in any other city in Bulgaria, you will not escape close living with representatives of the Roma community. Despite the state's appropriations to support the non-working part of the population, an unpleasant neighborhood cannot be avoided.

Expenses for the maintenance and ownership of real estate in Sofia, social payments and taxation

Approximate costs for the summer period will be from 30 euros per month, for the cold or heating season - from 50 euros per month, including payments for electricity and water. There are certain nuances in calculating the area - Bulgarians also consider joint shares in public places - stairs, front doors, elevators, terraces and even the thickness of the outer walls of the house. This leads to confusion in the calculations. Additional costs may be the payment for security service at the residential complex.

Having become the owner of real estate, you will have to pay the annual property tax and garbage collection - 15-150 euros per year. Compulsory social insurance - from 35 euros per person per month. According to the new provisions of the law, foreign citizens residing in the country must have health insurance. It is worth considering the payment of annual taxes, VAT, as well as income tax.

Food in Bulgaria costs residents of the country only 50 - 100 euros per month per person.

Public transport costs 0.5 euros per trip. In the resort villages it is more convenient and profitable to use personal transport. Petrol prices at current rates are 2.5 BGN per 1 liter, and a taxi ride will cost from 0.7 BGN per 1 km. .

Highlights of Sofia. Tourism and vacation

Sofia has many cultural, historical and architectural sights. These are Alexander Nevsky Cathedral, Tsar-Liberator Boulevard, St. Nicholas Church and the Museum of Natural Sciences and much more. There’s a lot of brand shops along Vitosha Boulevard.

Despite the fact that the sea is located far from the city, rivers and lakes in the vicinity are attractive as well. Mineral beaches are also very popular. Vacationers can swim in natural reservoirs and in thermal pools. The water there has medicinal power. Mountain lovers will also find activities to their liking. There is a national park on the famous Vitosha Mountain. One of the most famous ski resorts is also located there. In Sofia, recreation for children is well organized, there are many playgrounds, and there is also a zoo. The main circus of the city "Balkanski" pleases with beautiful performances.

New homes for sale in Sofia from the developer, life and business in Sofia represent a decent level, high class and low cost, convenient infrastructure, profitable investments, a close mentality with a focus on European values as well as high-quality medicine and education.