Sofia is 17th among the best capitals for investment properties in Europe

Sofia is ranked at the 18th position in the European chart of the 20 best destinations for investments in real estate. The ranking is created according to date provided by Global Property Guide and is published by Daily Telegraph.

As a positive side of the real estate market in Sofia is marked the favourable realm for the owners, which aim to rent out their properties. Among the negative sides are the high expenses for concluding a deal, the corruption and the problems with crime.

The Bulgarian capital is left behind by most of the big property markets in the area, like Istanbul, Bucharest and others.

The surprise in the ranking is Skopie, which is rated at the second position among the 20 other cities. Among the strong sides of the real estate market in Skopie are the high return, the good rentals market, the low expenses for concluding a real estate deal and the temper taxes. The disadvantages are the serious restrictions of the ownership and some concerns related to the political situation in the country and the security.

The first place in the ranking is taken by Budapest, with good levels of returns on the investment and low transaction expenses.

The cities ranked next are Amsterdam, Istanbul and Zagreb accordingly at the third, fourth and fifth place.

At the bottom of the ranking are Paris, Helsinki, Prague, accordingly at the 20th, 19th and 18th positions.

Right before Sofia is ranked the Belgium capital Brussels, which is one of the cities taking the last 5 places.

Top 20 investment destinations for real estate in Europe:

1. Budapest

2. Skopje

3. Amsterdam

4. Istanbul

5. Zagreb

6. Tallinn

7. Berlin

8. Rome

9. Riga

10. Kishinev

11. Warsaw

12. Bucharest

13. Bratislava

14. Ljubljana

15. Vienna

16. Brussels

17. Sofia

18. Prague

19. Helsinki

20. Paris