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Bulgarian Real Estate Market A Brief Overview. Pavel Stamboliyski/ p.stamboliyski@mee.government.bg. Why Bulgaria? Macroeconomic stability. Political and economic stability Sustained GDP growth of 5% per year NATO membership achieved in 2004 EU membership set for 1 January 2007

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bulgarian real estate market a brief overview

Bulgarian Real Estate MarketA Brief Overview

Pavel Stamboliyski/ p.stamboliyski@mee.government.bg

why bulgaria macroeconomic stability
Why Bulgaria?Macroeconomic stability
  • Political and economic stability
  • Sustained GDP growth of 5% per year
  • NATO membership achieved in 2004
  • EU membership set for 1 January 2007
  • Very competitive labor cost compared to the rest of Europe
  • Very competitive tax regime - 15% corporate profit tax as of 1 January 2005
  • Well educated, highly trained multilingual workforce
  • Full national treatment of foreign investment
  • Investment grade rating BBB by S&P and Fitch
  • Foreign direct investment at 11.7% of GDP (EUR 2.3 bn in 2004)
why bulgaria top tourist destination
Why Bulgaria?Top tourist destination
  • Bulgaria voted No. 4 tourist destination worldwide by The Washington Post
  • 22% average annual growth of tourist arrivals for 2002 – 2004
  • 43% year-on-year increase in British tourists for 2003
  • Well developed and constantly improving summer resorts
  • Excellent skiing opportunities with guaranteed winter snowfall
  • Unbeatable prices guaranteeing best value for money holidays
  • 1600 thermal mineral water springs
  • Rich historical and cultural heritage
  • Easy access from Europe
why bulgaria booming real estate sector
Why Bulgaria?Booming real estate sector
  • Growing economy and increasing flow of foreign companies increases demand for top quality office premises
  • 25% price growth in the last 12 months
  • Still lowest real estate prices in Europe
  • Strong year round corporate letting market in Sofia
  • Dramatic increase in demand for quality accommodation at Bulgarian resorts
  • Strong drive for property purchase from Bulgarians living abroad
  • Bulgaria on the agenda of top European real estate investment funds
  • Excellent return on investment rates
  • Third most popular destination for holiday homes amongst Brits for 2005
top real estate agencies
Top Real Estate Agencies

www.colliers.com/Markets/Bulgaria

www.yavlena.com/en

www.eltaconsult.com

www.address.bg

www.adis.bg/en/

www.bulgariandreams.com

fiabci bulgaria
FIABCI-Bulgaria

Contact Information:

36-A "Partriarch Evtimii" blvd. fl. 1, ap. 3, Sofia, BG-1000BulgariaPhone : +359 2 9886890Fax : +359 2 9886891e-mail : office@fiabci-bg.comOther e-mail : nrpa@mb.bia-bg.comChapter ExecutivesPresident : Mr. Valentin Georgiev SaykovSecretary General : Ms. Hristina Kancheva Kancheva

slide10

Lindner Bulgaria - Business Park Sofia - A CITY WITHIN THE CITY Business Park Sofia is a genuine multifunctional high-tech business park, which combines the essentials components of business and the related sectors into one tight package of opportunities.

parameters of the project
Parameters of the project
  • Total investment EUR 150 million
  • 35 buildings
  • Plot area 220 000 m²
  • Total built-up area 300 000 m² of which:
  • Main area - 180 000 m² total built-up
  • Area of corporate building - 44 000 m² total built-up area
  • Commercial area - 74 000 m² total built-up area
  • 174 companies and growing
  • Parking of employees – 3 000 lots
  • Parking for visitors – 1 000 lots
  • 10 000 people working in the Park
  • 10 000 visitors a day

www.businesspark-sofia.com

mall of sofia
Mall of Sofia
  • Investment: EUR 37 million
  • Project design: Moore Speakman International Team of Architects
  • Building description
    • The total built-up area is 75 000 m2 distributed as follows:
      • retail and entertainment - 35 000 m2
      • offices - 10 000 m2
      • underground parking - 22 000 m2 (approx. 700 car-parks)
      • service and common areas - 8 000 m2
  • Investors:
      • General Electric (real estate division)
      • Aviv Construction and Public Works
      • Cinema City International
      • Quinlan Private

www.mallofsofia.com