Sofia Holds Great Potential to Attract Investments

Sofia has the potential to attract a lot of investment for the construction of attraction and entertainment complexes. According to Mr. Petar Dikov, main architect of the city, this is likely to be the next boom in construction in Sofia.

Mr. Dikov took part in the first Balkan real estate conference – BalRec. At the present moment investment in such projects is less common in Sofia, he said.

The most attractive area for investors at the moment is the western central zone of the capital city where infrastructure is bad and buildings are between 80 and 100 years old. The other area investors prefer is the southern part of Sofia’s ring road namely the area between Bulgaria Blvd and Alexander Malinov Blvd which are ideal for high buildings and service centers.

Sofia’s western part and more specifically Liulin residential area is also considered suitable for service centers as well as the areas in the north of Sofia under the southern slope of Stara Planina Mountain.

The realization of the project for golf complex Katina will change the image of Sofia’s north as a region less prestigious than the southern region, Mr. Dikov also said.
The region between Tsarigradsko Shose and the airport will see some serious development. The old industrial areas in southwestern Sofia are turning into service territories with a number of residential buildings.

The region behind Central Railway Station is being transformed into a multifunctional service complex. 3 or 4 high category residential buildings are also to be built in the capital city, Dikov also said.

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