Foreign investors have a 97 per cent share of the total investments in Bulgarian commercial buildings, according to consultant company King Sturge, as quoted by website investor.bg.

In Sofia and some other big cities there are pleanty of examples of completed developments, including numerous retail and office buildings. At the initial stage of those developments, there had been a partial share of Bulgarian investors, which was later sold to foreign companies.

This pattern was repeated with Sofia City Centre, which was acquired by the investment fund Equest Balkan Properties for 94 million euro. The Central Mall in Veliko Turnovo was bought out by European Convergence Property Company for 29 million euro.

King Sturge’s survey suggests that the tendency of foreign investors to dominate property developments is typical for the countries in Central and Eastern Europe. In Hungary, Romania and Slovakia their share is 100 per cent, the survey says.