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35% of foreign investments in 2006 are in real estate

Date: 19.04.2007

The individual purchases of homes by British citizens this year are more than 14 thousand. For the great interest in real estate in Bulgaria, Great Britain is placed second in volume of foreign investments. Real estate business has attracted most foreign investments – 35%, followed by production with 20%. An objective of the country is to attract the interest of the Germans in buying real estate at home, as at present a serious competition in that sphere is Turkey. By the end of 2006 the growth of foreign investments is expected to reach 4 billion dollars. Prognosis for 2007 are an increase of investment both from members of the EU, as well as countries from Asia – India, China, Korea.

In the past two years we are witnessing the popularization of one new type of residential construction, which is common in Europe and USA, but relatively new for Bulgaria – closed types complexes. Some of the main factors that make residential complexes attractive are the opportunity of controlled access, maintained green areas, children’s playgrounds, sports facilities, entertainment facilities, pools, gym, as well as fully organized maintenance of the complex. Living in such place offers an opportunity to create a different environment, away from city noise and everyday stress, and forming a small society with which the inhabitants of the complex to identify with. Most attractive areas for building closed type residential complexes are the city outskirts, but close to main boulevards, that provide fast access to the center of the city. These areas, not being built until recently, offer free terrains, relatively peaceful areas and close proximity to the Vitosha mountain.

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