Pension Funds Buy Expensive Real Estates in Bulgaria
13.02.2007Pension and investment funds, and in particular German ones, show considerable interests in buying expensive office buildings in Bulgaria. After Bulgaria's accession into the EU, these establishments became one of the most active players on the Bulgarian real estates market. They invest mainly in projects for office buildings and trade centers worth not less than thirty million levs and with an implementation term of at least five years. These big investors are not after huge profits, rather they count on secured returns of their investments.
The Bulgarian real estate market still offers almost unlimited opportunities, if compared to the one in the EU, but the large-scale projects are still a rarity. Commercial plots will remain the most attractive for investment this year, despite the numerous malls that have been built across this country.
