Bulgaria – In for a Penny in for a stotinka

Once again the good news for real estate in Bulgaria is that investment comes in the form of an expanding chain store business.

Bulgaria could be seen as a victim of the worldwide economic crisis, rather than a cause, and has probably felt the fall harder than most. Yes, there is news of reduced construction projects and struggling businesses but there are clear signs that having fallen hard, Bulgaria seems to be striving harder than most to recover by attracting new investment.

German retail chain Penny Market has been busy buying property in Bulgaria and has announced from its logistics centre in Sofia that its plan to open nearly 30 stores throughout the country by the end of 2009 are on track. In addition, they expect a similar number of stores to be opened during 2010.

Such a forward and determined investment, like so many others recently seen in the country, will only serve to raise the profile and market values of a potential European high flyer.

Bulgaria continues to remain a lucrative & worthy place for the canny investor.