Investing in Office Space and Business Centers in Bulgaria Bulgaria’s property market is going to experience further growth in investment this year. An indication of the expected development is the increased number of real estate investment funds in the Southeast European region. Experts said these funds would compete for the execution of projects such as vacation villages, apartment buildings, as well as trade and industrial constructions. Bulgarian property experts said more investors will work on major projects such as business parks and shopping centers in the future, as too many companies already offer vacation villages and apartment buildings. Some of the major office property projects in Sofia include Lozenets Expo, the Sofia BUsiness Park, Business Park West and the developments alongside Bulgaria and Tsarigradsko Shousse boulevards. Vacancy rates have increased dramatically due to the influx of foreign companies acquiring offices in Bulgaria. One noticeable office property market trend is that local investors tend to buy, while foreigners rent. Another factor playing part is that the quality of office property projects is constantly improving and will continue to improve with the introduction of European Building Standards.