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Foreigners are in a hurry to get rid of their property in Bulgaria

Foreigners continue to sell their properties in Bulgaria, according to the latest BNB data. The net flow of foreign investment in real estate is negative in the amount of 2.6 million euros, with a positive net flow of 0.5 million euros for January – February 2021, writes pariteni.bg.

Direct investment in the country for January – February 2022 amounted to EUR 408.1 million (0.5% of GDP 3), increasing by EUR 205.6 million (101.5%) compared to the amount in January – February 2021 (positive flow of EUR 202.5 million, 0.3% of GDP).

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In February 2022 the flow was positive and amounted to 141 million euros, compared to a positive flow of 146.6 million euros in February 2021.

The share capital, which includes the transferred or withdrawn monetary and sports contributions from the capital and reserves of Bulgarian companies, as well as the proceeds from real estate transactions in the country, is positive and amounts to EUR 71.9 million for January – February 2022.

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It is higher by 189 million euros than in January-February 2021, which is negative in the amount of 117 million euros.

The largest net positive flows of direct investment in the country for January – February 2022 are from Switzerland (143.5 million euros), Luxembourg (68.1 million euros) and Germany (67.4 million euros)and the largest net negative flows are to Italy (EUR 22.6 million) and Belize (EUR 3.2 million).

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