Sofia Echo reports a record year for Bulgarian companies going to DOMEXPO, a Russian Real Estate Expo based in Moscow:
The Bulgarian participation was not only numerically the strongest of all foreign countries at Domexpo. In the four days of the exhibition, visitors were virtually queuing at the Bulgarian booths to inquire about the offers and the conditions for acquiring property in Bulgaria.
Bulgaria seems to have stolen the attention of Russia’s wealthy, including from traditional destinations such as Spain and Cyprus.
This is hardly surprising, given the real estate boom in 2006. The supply side is there, it remains to be seen if demand will continue to be strong.