Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
Why Buy or Invest in New Real Estate Developments in Bulgaria.
Bulgaria, compared to many other European countries, still offers relatively low property prices, making it an appealing market for investors who are looking for entry-level opportunities.
As an EU member, Bulgaria benefits from economic stability, access to EU funds, and a legal framework that is aligned with EU standards. Bulgaria has one of the lowest corporate and personal tax rates in the EU, which makes it favorable for both business owners and individual investors.
Bulgaria offers luxury real estate at a fraction of the price of more developed European countries. Even in the capital city, Sofia, or popular coastal cities like Varna and Burgas, luxury properties tend to be much more affordable compared to Western Europe, making it an attractive destination for those seeking upscale living at a lower cost.
Bulgaria is becoming increasingly popular with foreign investors and affluent buyers looking for high-end properties. The country's real estate market has been experiencing growth, driven by both local buyers and foreign investors, particularly from Western Europe, Russia, and the Middle East. This rising demand for high-quality properties is a sign that the market is maturing, offering great potential for property value appreciation, with a focus on off-plan real estate.
Bulgaria is centrally located in Southeastern Europe, making it accessible to major European cities. The country’s Black Sea coastline is also a major draw, with its mild climate, beautiful beaches, and scenic landscapes. Sofia, as the capital, is a vibrant cultural and business hub, offering opportunities for work, leisure, and investment.
Bulgaria has seen a steady rise in tourism, especially in cities like Sofia, Plovdiv, and the ski resorts in Bansko. A thriving tourism industry helps drive demand for luxury short-term rentals, providing an opportunity for investors to generate passive income through vacation rentals, especially within gated community settings, and particularly in sought-after locations.
Bulgaria’s Mediterranean-like climate, with warm summers and mild winters, is attractive for those looking for a pleasant environment to live or invest in. The country also has a relatively low cost of living, excellent food, and good healthcare, making it an appealing choice for affluent buyers looking to balance luxury with a relaxed lifestyle.
