Territory - 1310 sq km Height above the sea level - 550 m Population - 1,220,000

SOFIA PROPERTY

The name Sofia translates as 'wisdom'. At 550m above sea level Bulgaria's capital city Sofia is the highest in Europe. To the south of the city is the beautiful Vitosha Mountains. Inhabitants of the city use the mountains for a variety of outdoor activities including skiing, hill walking, and mountain biking. The city itself is full of history and character.

As an investment opportunity the city of Sofia is unrivalled. Real estate purchased here has the potential to be rented out 12 months of the year. Property prices have increased by 30% since last year and are expected to make greater gains in the run up to Bulgaria joining the European Union in 2007.

Foreign investment in Sofia is huge and there is a strong demand for accommodation by foreign professionals in the capital city. Sofia's geographic location within Bulgaria favours investors. Sofia is located on the international motorway from Belgrade to Istanbul and is at the hub of a communication networks linking Greece, Turkey and other Balkan countries. Direct foreign investments to Bulgaria have amounted for 10% of the gross domestic produce (GDP), the percentage is the highest one among countries in Central and Eastern Europe.

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