Location, location, location. These are the three factors that determine the purchase of a home, regardless of price trends. With the launch and expansion of the capital's metro, the city has been radically transformed – not only in terms of infrastructure, but also in terms of the construction of residential buildings. Even at the stage of a project for a future subway stop, investors have already bought up the plots around the future metro station and residential buildings are sprouting like mushrooms.
However, for what purpose do customers buy apartments there? First of all, for personal use, according to data from a survey conducted by the largest real estate website imot.bg. Nearly half of the respondents buy for this purpose. Their goal is to make their lives more comfortable by using the city's transport network and thus avoid traffic jams, which in some places in the central part of Sofia are already present throughout the day.
Another 43% acquire a home near a metro station for the purpose of long-term rental. Buyers see an excellent investment opportunity in acquiring a property in such a location. It is especially preferred by people from other cities, mainly students and without a car.
However, not all metro stations are suitable for purchase for investment and rental on a short-term basis. It is for this reason that only 9% would acquire a property for such a purpose.
Detailed statistics on average property prices in Bulgaria by city and neighborhood can be found at imot.bg