REAL ESTATE IN BULGARIA
With its fast-developing property market and favourable risk/reward profile, Bulgaria is attractive for a wide spectrum of local and foreign investors.The country remains closely monitored by opportunistic and institutional buyers, offering real estate acquisition opportunities in all market segments and higher than (CEE) average yields.
As the biggest financial and economic center in the country, the capital Sofia is established as a competitive office location in the CEE region.
The tenant profile ranges from start-ups and homegrown businesses to global players in the Information, Communication & Technology and BPO (business process outsourcing) industries.
Large logistics, hotels and well performing shopping centers are other prominent real estate acquisition opportunities.
Why Bulgaria?
Bulgaria holds a strategic position in the Central & Eastern Europe region; enabling businesses with its macroeconomic stability and competitive operating costs.As an EU member since 2007 Bulgaria has access to a zero tariff market with 500 million consumers.
A low tax rate attracts foreign capital along with a well-educated and highly skilled work force.
About 62% of the country’s population is of working age and each year 60,000 students graduate from 51 universities in Bulgaria.
The automotive and light industries are well represented in the industrial areas across the country.
As one of the world’s top outsourcing destinations, the sector is expected to comprise 8.9% of the country’s GDP by 2022. Outsourcing services providers in Bulgaria employed about 78,000 people at the end of 2019. At the end of August 2020, the number of employees in the sector reached 81,000 according to AIBEST statistics.
Meanwhile the capital Sofia and the larger cities attract companies in the ICT sector including global IT leaders such as SAP Labs, VM Ware, HP, Bosch, IBM, CISCO which already operate large R&D centers in Bulgaria employing thousands of highly qualified professionals.
What we offer
Through our alliance partner Cushman & Wakefield Forton we offer а wide range of commercial real estate services in Bulgaria, including:
- Leasing
- Consultancy
- Valuation
- Hospitality
- Property Management
- Project Management
- Residential Brokerage and
- Capital Markets Services
The team employs a value-added approach in commercial real estate services, based on innovation, attention to detail and your specific business needs.
