The Bulgarian city of Sofia is becoming a highly strategic location in for property investment – especially for the purpose of renting to a growing local commuter market. Rising demand is originating from foreigners working for the big multinationals in Sofia with companies such as Nokia, Microsoft, and Marks & Spencer all setting up operations in and around the city.

In addition, the emerging Bulgarian mid to high class are all vying for properties within commuting distance of the capital.

Capital 68, a brand new apartment complex close to Sofia offering up to 155 percent return on investment over five years and a forecast rental return of seven percent, The development, in the commuter belt, is an early entry apartment complex offering low entry costs from £6,500 and up to 80 percent local mortgage available.

The development also has a variety of apartment options from studios to deluxe penthouse suites, all with balconies or large terraces.

James Gonzalez, Market Analyst at Obelisk said: “Capital 68 is the height of luxury and affordability, exceptional for property around Sofia as the market is clearly sky rocketing.”

Bulgaria secured the position of the world's strongest property market for price growth in 2007, with a record-breaking turnover of €11.36 billion, a €2.36 billion increase on 2006 figures.

Set in Kostinbrod, nine miles from Sofia’s city centre, Capital 68 motorway, train, and bus links.

Gonzalez added “Due to the favourable position and liberal zoning policy, a number of factories are choosing to relocate to the area, including international drinks giant Coca-Cola. The strategic location of Kostinbrod benefits from being within easy, commutable distance to the city and Sofia’s International Airport - with the added bonus of lower cost quality housing.”

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