Real Estate Expo Kicks off in Sofia

More than 300 investment projects at the cost of over BGN 1 B can be seen at the opening of the Real Estate Expo in Sofia.

The third edition of the major event, which is held twice a year, running as Imoti Expo kicked off Friday to continue four days in the International Expo Centre.

Participants include companies from various real estate sectors such as construction, agencies, banks and financial institutions.

The construction and real estate are among the speediest developing sectors in the country, with a growth of 15-20% on an annual basis.

The forum gathers at a unique venue not only leading real estate agencies, but also banking institutions and municipal associations working in the field of local administration reforms.

The successful debut of “IMOTI EXPO” was in 2004 as the first large scale realty trade exhibition in Bulgaria following the dynamics of the real estate market and the increased consumers’ demand. The exposition is the equivalent of the world popular Real Estate Expos and offers a perfect platform for promoting the latest products and services in the real estate industry: sales or rentаls of houses and summer villas, apartments and apartment complexes, hotels and hotel complexes, offices and commercial spaces, private properties; financial, insurance, planning and design services; real estate management, brokerage and business development.

“IMOTI EXPO” offers unique opportunity for business contacts and marketing, which benefits each participant. It provides space for direct negotiations between seller and buyer and saves much time and energy in choosing the best offer on the real estate market.

The Second trade show (May 2005) gathered over 250 investment projects summing up to the total amount of one billion euro. Over 100 leading construction and investment companies, real estate agencies and financial institutions presented their products and services at the exposition space of 4000 sq.m.

The current fall edition of “IMOTI EXPO” (October 2005) marks an increased interest on the part of the exhibitors, as well as reflects the steady growth tendency in the Bulgarian real estate market’s supply and demand. The leading new construction market segment in the recent years is the share the residential spaces. Substantial growth shows the “second home” holiday properties market, together with the hotels and hotel complex investments, and last but not least - the market of the industrial and commercial spaces. All recent market trends are reflected in the current real estate trade show.

Over 300 projects for over 1 bln. euro will be presented at the forum. The temp of increase of the of the participants is a natural and direct indicator of the sector development. Over 100 projects were presented at the beginning of the event, at the overall amount of 500 mln. euro. The forum is in reply to the construction works boom in the country. According to the statistics the temp of increase is an average of 15-18 % annually - a natural result of the process dynamics in the construction sector and of the overall economic rise, the credit expansion and the investment activity.

Among the largest exhibitors at the trade show are: the based in Varna - Planex Holding Ltd., BTC AD, Adis Ltd, Address, Colliers, Home for You, I Build, Fairplay International, Biochim, Residential park, Yavlena, Shans 96, Linexa, Dreamville ltd., Fenix, Glaxa Properties, Balkanstroy, Teambuild, Asspekti Plus, etc.

The banking and financial institutions cover over 10 % of the exhibition area. A wide variety of financing opportunities and mortgage loans are offered traditionally by OBB, Biochim, First investment bank, DSK bank, Post Bank, etc.

A press conference of IMOTI EXPO and the National Association of the Real Estate will take place on the 23rd October 2005 at 10 am, where the most recent trends in the real estate market will be announced.
On the last day of the trade show at an official ceremony a lottery winner will be drawn among the visitors of the trade expo, who will receive a holiday apartment at the Bulgarian black sea coast, provided by Planex Holding.

The best guarantee for the success and high standard of the real estate expo is the consecutive participation of leading companies from the previous two events in 2004 and 2005 as well as the support of FIABCI Bulgaria as a patron.
The trade show has a number of media partners such as the newspapers Capital, Dnevnik, Construction & City, the magazines Real Estate Index and ADIS.

Source: Sofia News Agency, BulgarReklama