In an oline poll conducted by Profit.bg, the agricultural segment was pointed out as the most promising among four others – residential properties, commercial space, offices and industrial real estate.
42.86% of respondents said they believe agricultural land will bring highest return this year.
Industrial real estate will be the most profitable this year according to 17.39% of respondents. 322 people voted in the poll.
The strong advantage of the real estate sector is probably due to the fact that the other markets are “exhausted” after booming in the past several years.
It is a fact that the home market saw a significant slow down in Q1.
The segments of commercial real estate and offices will be affected by the withdrawal of foreign institutional investors, as a result of the global crisis in the sector.
The office market is third in the poll with 16.15% of votes, followed by residential properties with 11.49%.
On the other hand, the relatively low prices of agricultural land in Bulgaria (compared with other countries in the CEE and Western Europe) make investors think, the sector is holding a lot of potential for growth.
Other factors explaining the opinions, are the increased interest from local and foreign institutional investors, as well as Bulgaria's traditions in the agricultural sector.