News

The office space segment developed well through entire 2015

26.01.2016

The office space segment developed well through entire 2015, supported by the establishment of Bulgaria as one of the leading destinations in the outsourcing industry, business process management and information technology sector.

Expansion of existing companies in this market and the entry of new - foreign and domestic, already affects not only the office market in Sofia, but markets in the other cities too. This led to an interest in the residential market because of the new job spaces which were opened in 2015.

Due to the deals this year consulting companies expect even more tangible movement next year. The geographic focus of investors is increasingly expanding and is already close to our country.

During the last year Bulgaria has taken the lead as the best outsourcing destination in Europe in several charts.

In our country more and more companies entering the industry. The number of employees is rapidly increasing.

According to the assessment of the Bulgarian Association currently outsourcing industry employs 24 000 people, and by 2018 they are expected to increase to 60 000. 40% are engaged in software development, as our country is first in Europe of certified IT professionals per capita and third in the world in the same indication.

Expectations are to continue the interest for land with good location. The entrepreneurs are already returning confidence in the market. Their aim are large multifunctional projects which combining different areas - residential, office, retail and others.

The real estate market in Sofia H2 2024

03.03.2025

Real Estate Market   In 2024, the investment activity in Bulgaria’s commercial real estate market showed an upward trend, with total acquisition volume exceeding EUR 360 million. Technology companies emerged as key players, concluding several significant transactions. Their interest, al...

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Analysis of the real estate market in Sofia - H1 2024

02.09.2024

Investment Market   Total investment volume for H1 2024 reached €78.50 mil, marking a slight increase from €73.95 mil in H1 2023. However, the distribution of transactions shifted notably. The industrial sector dominated, accounting for €71.40 mil, driven by a significant portf...

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Analysis of the business real estate market in Sofia H2 2023

04.03.2024

  Investment Market The cautious behavior seen in investors in H1 2023 continued through H2 as well. The main reason for that seems to be the high cost of financing as interest rates for investors have reached 6.5 – 7.5% which basically melts down the potential return almost entirely. ...

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