Foreign investments in the Bulgarian property market for H1 of 2007 reached 1,5 billion euro

propertywisebulgaria.com, 2007-08-30

     Foreign investors have invested 729,3 million euro (about 1,5 billion leva) in real estate in Bulgaria for the first six months of the year, Bulgarian National Bank (BNB) statistics show. The number represents the sum of all the investments of foreign individuals, foreign companies and Bulgarians living abroad.
     Real estate is the sector that has attracted the greatest amount of investments for the period, statistics show - 34 per cent of all the foreign direct investments (2,112 billion euro). Right after real estate comes the financial sector, with foreign investments of 440 million euro. Third comes the construction sector (296 million euro), which is again closely related to the real estate sector.
     Foreign individuals prefer buying homes, while companies are orientated toward plots appropriate for construction. Home-buyers are now turning their attention from holiday properties to Bulgaria's big cities - Sofia, Varna, Bourgas and Plovdiv. Some of the reasons are properties in the big cities could be used year-round and grant stable investment returns for buy-to-let investors.

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