Industrial Bulgarian properties are likely to become more and more expensive in the next few years. That is property experts’ forecast, which was discussed yesterday at the ‘Balkan Real Estate – Bulgaria, Romania and Serbia’ regional conference. The conference is held in Sofia on April 15 and 16.
According to real estate consultants, the predicted infrastructural developments, transport junctions, the expected raise of economical growth are key prerequisites for changes in the business property market.
The favorable location of Bulgaria in the context of the European Union together with the improvements in tramsport connections will soon form Bulgaria as a logistic destination for many companies operating on the European and Asian markets. The demand of industrial estates is likely to be dictated by large foreign chain-companies and international logistic consultants.
Industrial real estate matkert will inevitably surpass changes and prices will grow. The fact that only 14% of all major global retail chain stores and international companies have entered the Balkan markets should be considered sufficient evidence of how the industrial real estate market will develop.
According to the experts prices will go up, but they are not sure whether the planned industrial projects will meet buyers’ quality requirements.