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Bulgaria Property Investment News
300 per cent growth predicted for Bulgaria
The astounding growth of the Bulgarian property market is likely to maintain its impressive pace, according to local experts.
With western European corporations looking to capitalise on the low-cost of Balkan office space and new developments in place to enhance the diversity of Bulgarian tourism, the nation's market potential should only improve.
Speaking prior to the launch of the BalPex property exhibition, Atanas Garov, managing director of Colliers Bulgaria real estate agency, said that the Bulgarian commercial property market was likely to grow by 300 per cent in the next three to five years.
He added: "All sectors of the property market have been developing dynamically and investment is expected to increase in the next years," reports the Sofia Echo.
Increasing office space and commercial activity will further stimulate an already-burgeoning economy, improving the market for British investment in bargain Bulgarian property.
A recent survey from the Association of Property Professionals showed almost £154 million worth of investment in property from UK buyers in 2006, with the Balkan country accounting for 7.7 per cent of all properties bought by Brits.
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