The commercial property market in Bulgaria is expected to grow by 300 per cent in the next three to five years, Colliers Bulgaria real estate agency head Atanas Garov said.

Garov took part in a conference linked to the upcoming Balkan Property exhibition (BalPex), investor.bg reported.

All sectors of the property market had been developing dynamically and investment was expected to increase in the next years, Garov said.

Office property market growth was expected to double in the next three years.

BulPex will take place between May 17 and 19. Its main goal is to present various points of view of investors’ representatives on the property market on the Balkans.

International companies Engel East Europe, Pinnacle, Development Capital Management, DTZ and the European Bank for Development and Reconstruction (EBDR) feature among forum participants.