Bulgaria Will Participate In European Property Forum Mipim

Six Bulgarian companies will participate this year in the 20th edition of MIPIM, the largest market for international property trade and a prominent event in the world of real estate. It takes place in Cannes, France, every March.The Bulgarian firms will be in one large kiosk in what will be the first Bulgaria representation ever in this forum, considered by experts to be the most respected in Europe. Last year, it was visited by more than 29 000 people, including government and financial leaders, bankers, scientists, businesses, consultants, industrialists and others.Bulgarian representatives at the event are Alpha Developments, Prime Property BG, ADCITS, Benchmark Fond Imoti, A&T Electronics, and Yazov OOD. They will share their projects in a 70 sq m kiosk.MIPIM is designed for senior-level decisionmakers within the real estate market who want to develop business within their domestic and international markets. It is a global marketplace that gives people the opportunity to connect with key players in the industry, from investors to end users through to local government and international corporations.Inevitably, however, this year's MIPIM will be overshadowed by the the spectre of economic crisis and financial crunch which has shaken the real estate sector globally, in some areas, dramatically. Bulgaria, in turn, has been affected now that it is considered a "peripheral market", attracting a significantly lower share of money and investments from western pensioners, insurance companies, investment funds and banks.