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.
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Buying property in Europe from the other side of the world, presents all manner of difficulties, even before one factors in the current martial law in Philippines , and Brexit ( for a UK passport ) in Europe. I had previous experience of buying in Bulgaria, and already knew a number of local agents. Kunka, I came to know about a year before I finally managed to make the return... she admitted that the extraordinary set of circumstances I faced, took more than a little understanding, since they seemed unbelievable. Nonetheless, she neither flinched, nor blinked, and with utmost patience, helped me through not only the purchase, but a whole heap of other problems. Both she and Hristov were kindness itself, and always stood ready to assist. Not only were they very capable as agents, and professional in every way, but their assistance has been extremely welcome, given the immense difficulties faced. With experience of agents here and internationally, I'm happy to offer the highest of recommendations for their professionalism , help well beyond the terms of house purchase, and for their sincerity and friendship. Andrew Davies
— Andrew Davies, UK