Late spring dead season?

Hello again!

Well, there doesn't seem to be to much news about Bulgarian real estate these days, at least in our area of interest.

What is still active are the big players with things like large agricultural spreads, large (new) shopping centres, complete exclusive residential neighbourhoods, office buildings, and buying up excess government properties for the value of the land (like in downtown Plovdiv, etc.).

Also popular and apparently gaining in size and interest are the Bulgarian REITs (Real Estate Investment Trusts). This is a way to get into the real estate growth patterns without owning specific properties. It's similar to investment funds in the stock market, and many are traded on various exchanges (most of the Bulgarian ones in Sofia). It's also not a concept that is limited to Bulgaria.

If you have interest in any of these things, let me know, I'll try to round up some more information for you.

Ciao...

Craig