Bulgaria's Luxury Properties Construction Unaffected by Crisis

Luxuty property construction in Bulgaria has not been affected much by the crisis, according to property experts. Photo by propluxury.com

The downturn in the real estate sector in Bulgaria caused by the global economic crisis has not affected the construction of luxury properties in the country.

This opinion has been expressed by entrepreneurs and experts who participated in the “High Class in Construction” exhibit which took place in Sofia over the weekend.

Experts believe that the economic crisis has led to a greater focus precisely on high-quality properties.

According to the Chief Architect of Sofia, Petar Dikov, Bulgaria has a very good potential for a dynamic market of luxury properties.

The participants in the expo believe that the crisis has hit mostly the low-quality construction projects in the country, and that most investors actually have made mistakes by seeking quick returns on property investments without accounting for good quality.

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