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.
I can only reiterate what many have said before. I bought a house sight unseen and only had photos to work with. Kunka (Kiki) provided many additional photos and a video upon request. She has the patience of a saint when dealing with a never-ending barrage of questions. The purchase was completed within the specified timeframe (the first Brexit date) without any problems and Kiki is now helping me arrange for renovation work. I had to use a Power of Attorney to undertake the purchase and despite having to make an unexpected trip to Hanoi to notarize documents, all went smoothly. I would therefore recommend Kiki and her company without reservation and most likely will use her services again at a future date.
— Mike Johns, Thailand