Sofia Property Market To Reach Growth Of 25%

Sofia is extremely strong as investment potential in real estates and the growth in the branch may reach 25% in 2008, experts from ‘Property Secrets' prognosticate.

In the last couple of years Sofia is loosing the competition with Bucharest and the Black Sea regions speaking of attracting big investors of properties. This already started to change.

Among the main reasons, which attract buyers on the market are the potential for permanent growth with an eventual beginning of long term development if the sector.

The mortgage market in Sofia is comparatively developed, as the correlation credit towards value is round 70-80%.

Taxes over capital profits is low like these over loans, which stays at 10% of the incomes.international.ibox.bg