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Europe Discovers Attractive Properties in Bulgaria

Date: 29.06.2006

Bulgaria and Romania that are about to join the European Union (EU) over the next year are promising real estates hotspots, an international report claims.

The report of the international consultancy company for real estates DTZ, as cited by the German Die Welt newspaper claims that Bulgaria and Romania are emerging as attractive real estate hotspots following Poland, the Czech Republic and Hungary.

The new East European property markets have already attracted the attention of the international investors. "Investors who are risktakers and have a spirit of discoverers are already working in Poland, the Czech Republic and Hungary", the DTZ report reads.

Bulgaria and Romania are also topping the list of the investors, DTZ report continues, forecasting that very soon Russia and Ukraine will also appear on the investors' map.

Still, in Sofia there is a lack of attractive real estates. The main area of expansion at present is land trade and trade centres construction development. Although the properties market in Sofia is smaller as compared to Bucharest Bulgaria's capital remains of great interest for the investors, DTZ concludes.

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