New interest in business properties in Bulgaria
The real estate market until 2008 was more than active but a stagnation followed later. Nowadays, the property investment account on a huge growth again as business properties turned out to be the most attractive and demanded ones. In the field of the business properties, investments contributed to profits up to 9% even with high risks. In 2013, the European investments in business properties account on a growth of 30%. Commercial areas of big and liquid markets are especially demanded. This trend is typical for Eastern Europe as the largest investment share is held by Poland, Romania and Bulgaria (up to 80 %). Bulgaria has attracted 23 millions of investments in the field of the business properties which turned out to be very lucrative. Despite the financial crisis, the number of the business buildings in the Bulgarian capital city of Sofia has doubled.
Thus, Sofia disposed of high-standard office areas comprising 1,7 millions sq.m in 2013. In 2014, however, Sofia has commercial areas covering 735 000 sq.m. One of the most attractive property deals is the building of commercial areas for rent. The most expensive rents for commercial properties in Sofia are now 12 EUR per square meter. As far as net profits are concerned, the Bulgarian real estate market is very attractive and advantageous.
We would like to say a big THANKS to Kunka & Hristo from Bulgarian House team. You've been a great help to us, not only with the things involved with buying a house in Bulgaria, setting up a company and all the paperwork ect, but also when we've had other questions relating to life in general in Bulgaria we had no one else to ask but Kunka,. She's gone above & beyond her role as an estate agent, she must have bent over backwards to be as helpful as she possibly can & has kept us well informed every step of the way with regards to the sale. Thanks again, Kate & Mel xXx
— Kate & Melvin, UK