NewEstate Bulgaria reaches its 2011 target early and increases its portfolio to 7 million Euros of managed properties in Sofia.

It is thought that a combination of factors have contributed to the quicker than expected growth; as well as the predicted impact of an aggressive marketing strategy backed by extra investment, the surprising element has been the repeated closure of small competitors who have left the property management market altogether. In many cases long standing landlords of multiple properties have had to revisit the marketplace for the first time in several years, which has been a catalyst for NewEstate Bulgaria’s opportunity to attract a ‘new business’ in this sector.