Tanya Kosseva-Boshova for Bloomberg TV: Britain’s forthcoming separation with the European Union (EU) and the uncertainty this process creates, makes investors move to the countries of Eastern Europe.
A large portion of the investment in business properties in Western Europe and developed markets is achieving very low returns because of the extent to which these countries have already developed. This, as well as Britain’s forthcoming separation with the European Union (EU) and the uncertainty this process creates, makes investors move to the countries of Eastern Europe. This is what Tanya Kosseva-Boshova, Managing Partner of Parka Lane Developments and chairman of the Managing Board of the Association of Business Owners in Bulgaria, said in the show “Property” with Hristo Nikolov.
As per Kosseva-Boshova the size of Bulgaria is one the main challenges.
“Our country is small, which cannot be changed, so it would be appropriate for the Balkan region to be seen as a whole. In order to attract investors, it is important for us to develop a product that is interesting and still has a volume.”
According to the Kosseva-Boshova, the market in Bulgaria is mature but it cannot be compared to those in countries such as Poland or Romania, where there are regional cities with active construction and active building of quality office and industrial buildings.
Link to the video and article.