Economic conditions in both markets are excellent. Initial estimates suggest that real GDP growth was 3.7% in Romania and 3.0% in Bulgaria in 2015. Both countries are expected to record even faster growth this year and next, with private consumption one of the principal drivers of GDP expansion. This should boost retail turnover and in turn give shopping centres a lift. Bucharest’s office market is expanding rapidly and new space is also coming onto the market in Sofia. These new offices are generally classified as category A. Also new logistics properties offer in an environment of low vacancy rates and stable rents potential for investors.