Real estate services Bulgaria

In 2007 Bulgaria’s gross domestic product (GDP) marked a 6.2% growth on the year, totalling BGN 56.5 bln. The gross value added (GVA) for the same period stood at BGN 46.4 bln, up 6.3% year-on year.
According to Bulgaria's Convergence Programme for 2007–2010, the GDP in 2008 is expected to register a 6.4% growth year-on-year. Growth rate is seen rising to 6.8% in 2009 and 6.9% in 2010.
Bulgaria's economy grew by 6.1% in 2006 and the Government expected an even higher growth in 2007. Gross value added (GVA) for 2006 totalled BGN 39.972 bln, up 6.0% compared to 2005.
According to a survey of the Bulgarian National Statistics Institute among managers from the construction, retail trade and services sectors, the business confidence slightly improved in February 2008, backed by a 0.9 point of the overall business climate indicator compared to the previous month. The optimism in the forecasts for the construction sector in February 2008 led to an increase of the overall indicator for the sector which grew 4.9 points above the January level. Experts foresee a boom in the construction activity over the next three months.
Most construction companies expect no change in real estate prices over the next three-month period.
The domestic real estate market expanded significantly in the run-up to the country's joining the EU in 2007 and was expected to further grow at a moderate pace on continuing strong foreign and local demand. The Bulgarian real estate market is considered to be very attractive for domestic and foreign investors.