Some of Bulgaria's largest real estate companies specialising in property development were in talks to set up an association, Laguna Group manager Martin Yanev said on February 26, as quoted by Dnevnik daily.
Investor interest in recent years has been directed at building apartment compounds, which were sold to foreigners, who then rented them out. But lately the market, still largely underdeveloped, has been flooded by companies lacking in both professionalism and experience, which had a negative impact on the market.
