16 October 2007, Moscow: The increasing rate of professionalism and complexity of customer services will guarantee Bulgaria’s Top 3 spot among the most desirable destinations for investments in real estates in Europe, it was announced by the Moscow branch of the international property consultants BG Estates Worldwide, just a day after the end of the 17th international property exhibition “DOMEXPO” in Moscow.

The company, which has offices in Moscow, London, Bristol, Dublin, as well in Bulgaria - in the capital Sofia and in Bourgas was awarded with diploma for ”professionalism and proactive politic toward the Russian customers in the field of real estates” among more than 300 representatives from 25 countries like Bulgaria, UK, Holland, Greece, Turkey, Cyprus, Spain, Italy, France, Portugal, USA, Egypt, and etc. working in the fields of insurances, construction, investments, real estates, mortgages, participated in the Moscow exhibition from 10 to 14 of October.

The company detects an increased interest towards Bulgarian properties from international buyers. “After our second consecutive international property exhibition in Moscow for this year alone, and considering the analysis of our Moscow based operations, we are able to outline some serious tendencies : first of all Bulgaria is amongst the Top 3 Most desirable European destinations, not only because of the very attractive, compared to the European and Russian market, prices, but also due to the fact that in Bulgaria developments are much more easily implemented., said Alexander Alexandrov, manager of Key Partnerships at the International property consultants “BG Estates Worldwide”.

The second important fact, according to Mr. Alexandrov, is the increasing level of professionalism and complexity of services, which foreign clients expect form their Bulgarian Real Estate partners. For this reason is of a vital importance that the Bulgarian banks increase the flexibility and competitiveness of their credit offerings on the one hand, and the tendency one of the priorities for Bulgaria, to invest in its infrastructure, to continue – on the other.

According to the management of the Moscow office of “BG Estates Worldwide”, one should not neglect the findings, extracted after a primary analysis, from the exhibition, which finished late on Sunday in the Russian capital : there is an increased interest towards the Bulgarian property market from Russian clients, however one of the biggest barriers in front of them remains the crediting policy - there is still a lot more to be achieved in the area of banking products and services, so that the adequately reflect the current market demand. The purchases of real estates in Bulgaria by Russian buyers will increase by around 50%, if flexible and adaptive toward the current market situation credits and loans are on offer, the management predicts. A similar double increase in investments in properties is feasible if parallel with the above, the quality of the offered complex services and amusements are constantly being developed.

The general expectation of consultants at International property consultants “BG Estates Worldwide” is that is 2008 the interest of foreign investors towards Bulgaria will increase by around 40%. The predicted rate of increase will shape itself on the basis of the recorder throughout the course of the current year tendency for serious investors to show a long term, non-speculative interest in Bulgaria. This in its own right will jay down really professional criteria, rules and regulations in the real estate business in Bulgaria.

For more information:
Alexandar Alexandrov
BG Estates Worldwide
mobile number: 0897 845 235
e-mail: a.alexandrov@bgestates.com
URL: www.bgestates.com