The Burgas region is one of the fastest developing in Bulgaria. It is the second largest in the country (behind the Sofia region) and fourth in terms of population.

Burgas is also an important point of entrance and exit to Bulgaria, with 74% of the country's export and import passing through its port.

The city began to attract the attention of foreign real estate investors in 2003, Regent's Property Advisor told Profit.bg.

Investments in the sector between the years 2001 and 2005 have increased several times reaching 677 mln euros (in 2005). With 7.37% of total foreign investments in Bulgaria, Burgas ranks as second most appealing city in the country, only behind the capital Sofia.

Commercial real estate in Burgas is currently concentrated in the downtown area and in some suburb areas with big supermarket stores or automobile markets.

Merchants usually rent the ground floors of residential buildings. There are also mixed-use buildings in the more dynamic city areas.

The most preferred areas for merchants are the downtown no-cars strip of Alexandrovska Blvd, Troyka Square and Aleko Bogoridi Str.

Demand for class A office space has soared in the past several years, as a result of the economic progress the Black Sea Coats city is enjoying. Availability of luxury offices is very low, however. Currently most offices in Burgas are situated in old residential buildings.

Some 3,000 sqm of officers are available for rent at the moment and the total area of offices up for sale is less than 6,000 sqm.

Less than 10% of the available construction sites in the city central areas are suitable for office buildings, and 30% in the suburb areas.