Bulgaria rental property could be buoyed by new retail park
Owners of rental property in Bulgaria
could find their opportunities enhanced by the opening of the nation's first retail park in Plovdiv.
The project, which cost in excess of €21 million (£19.7 million) and covers more than 40,000 sq m of land, was unveiled by Landmark Properties Bulgaria, Dnevnik.bg reports.
With rents ranging from €10 to €14 dependant upon the size and location of the outlet, the site is expected to attract interest from a range of traders.
Among the firms which already have set up shop are Greek clothing retailer Sprider, as well as Bulgarian sports and fitness equipment company Sport Depot.
The park will also see the entry of German shoemaker Deichmann in February, marking the retailer's flagship opening in Bulgaria.
Plovdiv is Bulgaria's second-largest city, and this latest development could help to encourage more tourists and visitors to the area, increasing demand for rental accommodation.
According to Quest Bulgaria magazine, property in Sofia
can also provide "excellent value" for investors due to its proximity to the Vitosha mountain ski resort.