Balkan Property Exhibition opens in Sofia today
10 October 2008
The Balkan Property Exhibition (BalPex) will, for the fourth consecutive year, open in Sofia today. In the next three days investors, entrepreneurs, financial institutions, consultants, advertising and real estate agencies from Bulgaria and abroad will present new projects and attempt to generate business.
The exhibition takes place at the Inter Expo and Congress Centre in Sofia. Spread over 4000sqm, more than 150 exhibitors will present 300 projects related to different segments of the construction sector. Within the context of nearly 40 proposed new developments the event will discuss important issues such as whether Bulgaria and other Balkan countries can be spared from the advancing global financial crisis. In particular, how does Bulgaria best prepare for the real estate market’s pending stagnation, predicted by many experts?
Traditionally, the residential property sector receives the most attention from visitors and clients, considering that it represents more than 50 per cent of projects on offer. But organisers said that the number of large-scale business projects such as office buildings, commercial and logistics centres was rapidly increasing.
For the first time, within the BalPex frame there will be a pavilion with a Russian exhibition. This will debate the theme of Russia and Bulgaria: new perspectives for partnership.
Visiting BalPex, many potential clients could find another possibility for financing or loan hunting for purchasing of property. Various financial institutions are expected to present promotional offers for small and medium businesses. Organisers hope that more than eight thousand visitors will pass through the exhibition halls over its three day duration.
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