Property market in Bulgaria to see further growth

The Sofia Echo, 2006-01-06

     Bulgaria’s property market is going to experience further growth in investment next year. An indication of the expected development is the increased number of real estate investment funds in the Southeast European region. Experts said these funds would compete for the execution of projects such as vacation villages, apartment buildings, as well as trade and industrial constructions.
     Bloomberg agency reports that in 2005 more property companies have been registered in the London stock exchange than the total number for the past seven years. From the at least 20 funds, seven operate in Bulgaria. The expected EU membership of the country has increased the price of property, Bloomberg reports. Bulgarian experts said more investors will work on major projects in the future, as too many companies already offer vacation villages and apartment buildings, Dnevnik newspaper reports.

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