Greek companies hold the largest share of the Bulgarian properties market.

Dec 17, 2005 - Pontiki, Novinite.com

The Greek property investments in Bulgarian, Romania and Macedonia are growing according to article in Greek weekly Pontiki and Novinite.com.

Greek investors are holding large share of the property market in Romania and Macedonia and even hold the largest share in Bulgaria.

One of the reasons for the Greek companies to invest in Bulgarian properties is the fact that they can take advantage of EU (European Union) funds. The Greek investors are also interested in Bulgarian banks and already hold some of the largest banks in the country.

The article underlines that prices in the picturesque towns of Sandanski, Petrich and Melnik equal one tenth of that in Greece.

The most expensive accommodations are to be found in the best areas of Sofia, while the most over constructed is the Black Sea coast, where prices vary between 450-600 euros per square meter.