The real estate expo BalPex in Sofia showed that interest in property in Bulgaria is strong and growing.

Investors from the UK, Ireland and Spain all showed interest in local developments and real estate, Dnevnik daily reported.

More than 100 companies took part in the expo. Most participants were from Bulgaria, despite the organisers’ efforts to attract companies and developments from the whole region. Nearly half of the participants were construction and investment companies, one quarter were real estate companies. Nine banks and credit institutions took part in the expo.

Most of the developments shown were residential properties and luxurious properties in costal or mountain resorts. Even whole hotels were offered for sale, Dnevnik said.

According to the organisers, Balpex was becoming a meeting point of specialists for establishing business contacts, researched in various fields and personal contacts, at the expense of property purchase.