German and Austrian pension funds have started investing in business properties in Bulgaria since the beginning of 2007.

Insurance companies are also eyeing the real estate market in the country Forton International has announced.

Forton's manager Valeri Valchev commented that if 2006 had been the year of the big talking about business and office projects, than this one would be the year of actually concluding all those deals.

Demand grossly exceeds supply right now, Valchev explained and the conservative players that the pension funds are, are just entering the market now.

Forton International is an associated representative of Cushman&Wakefield in Bulgaria.