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4 July 2007

Student accommodation available in Bulgaria

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by Kay Mitchell

Student accommodation available in Bulgaria

Typical accommodation in Bulgaria for international and Bulgarian students is very low-key, a single room in an apartment with minimal furniture and usually shared by 2 or 3 students. If they require better accommodation, they need to move to the city of Sofia but this means a 4.5 mile hike to the university campus.

Studenski Grad (Student’s Town) is crying out for good quality accommodation to provide for the many professionals and international students who live, work and study. There are just over 50,000 students in the city of Sofia, 30,000 of them study within Studenski Grad and out of the 30,000, 12% of them are international students who, on average, spend 11 times more on their education fees. These students have expressed an interest for modern rental apartments.

A new site called The Belfield development will offer the standard of accommodation they require and is close to their place of study. Bulgaria is renowned for its specialist academic knowledge and it has the third largest number of IT professionals per capita in the world and the second largest number of certified professionals per 10,000 inhabitants (after the USA). In addition, Bulgaria is becoming the world’s fastest growing economy.

The estate agent marketing the apartments is Bulgaria Revealed, they have 20 studios for potential investors to buy within this development. Each apartment is fully furnished with a balcony. Prices range from £34,000 to £100,000 depending on the size. Up to 70% mortgages are available and completion is imminent.

The building also comprises 24hr concierge service, 81 secure car parking spaces, private storage areas, 10 shops, hairdresser, 2-storey nightclub, bar and restaurant and a health and fitness centre.

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