Sun, Nov 08 2009

PROPERTY INVESTORS TURN INTEREST AWAY FROM BULGARIA'S CAPITAL

Tue, Oct 24 2006 09:00 CET 585 Views

The construction boom Sofia experienced recently is beginning to calm down and property investors are turning their interest to other Bulgarian cities.

Evidence could be seen in the projects for the construction of the first malls in Varna, Plovdiv and Bourgas, Capital weekly reported.

The interest in logistics and storage areas was also increasing, the report said. In the near future investors were also expected to show interest in office property.

Investment activity in various regions was going to gain definition once companies settled there and started implementing their projects, Capital said.

In the coming two years most bigger cities were going to benefit from major investment in the property sector, real estate agents said. Administrative buildings and the setting up of industrial areas were going to feature among these projects.

Foreign investors found it easier to invest initially in the capital of a country, the report said. Investment in other countries became possible once the companies got acquainted with the local market conditions, the report said.

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