Real Estate in Sofia
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Properties in Bulgaria - office buildings for sale and rent
The steady economic growth of Bulgaria, the falling of unemployment levels and the strengthening of the business environment have lead to increased supply of quality office premises for sale and for rent, as a result of the active new construction in the last few years. Along with this development, the supply of office spaces, especially in office buildings, in the suburbs has increased against those in downtown Sofia, and office vacancies in the central parts of Sofia dropped significantly. The tendency in the office space development market is towards more specialized trade centers such as Business Park Sofia in Mladost District - Sofia, for instance, offering high quality /Class A and Class B/ office, retail and storage space with underground parking spaces and all conveniences, in response the increased demand from the growing number of international representations offshoring their activities to Bulgaria and the needs of local companies. Investors should know that as demand catches up with supply, the rental rates for premium office premises are expected to continue to increase slightly. The real estate investment market in Bulgaria is not completely developed, and yields from renting out an office in Sofia are still relatively high as compared to other Central and Eastern European countries. We are waiting for you in our offices!