"Certification of investment projects should become less ceremonial and more beneficial to the recipients".

Nikolay Dikov

What are the real benefits for First Class certified investors in Bulgaria? Why do the authorities act rather cautiously as far as the sale of a state or a municipal property without a tender is concerned? Is the Environmental Impact Assessment procedure too complicated for property types such as golf complexes and ski tracks? Why does its application often favor the traditional type of construction which adds a lot of “bricks and mortar” to the environment? What has fueled the demand for office space in Sofia? How is Sofia Municipality expected to boost the city’s development? What do institutional real estate investors tend to omit when it comes to shopping-center projects? Which property types are expected to enjoy the brightest prospects in Bulgaria? Which residential sub-market is largely underestimated at the moment in the country?

The insights of Nikolay Dikov, Head of Legal Department/Business Development Manager at Balkanstroy AD, on these topical issues are available in the present interview. Senior manager at one of Bulgaria’s largest real estate developers, Mr. Dikov has gathered valuable expertise and experience in the country’s real estate market, which he is ready to share with Property Xpress and its readers.

You can find out also: When will the internal opening of the golf course within the Pirin Golf Holidays Club take place and when will the whole complex be put officially into operation? Which and where will be the company’s next golf project, after Pirin Golf & Country Club? What yields is Balkanstroy anticipating for the housing part of the Katarino Spa complex? Has the company found an institutional investor for its San Stefano Plaza project? In which segment is the developer considering expansion abroad?



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