Bulgaria: Bulgaria’s presidency of the Council of the European Union is expected to fuel a boom in Sofia’s serviced apartment sector.
The presidency rotates among EU member states every six months – and from January 1 2018 Bulgaria takes over the responsibility.
As a result, more than 18 000 delegates are expected to attend around 230 events in Sofia, driving demand for serviced apartments.
Local serviced apartment provider Cleves is the owner and operator of six buildings in Sofia – totalling more than 100 units. Its GM Peter Diakov said: “We are already seeing increased activity due to the imminent rotating EU Presidency and expect that to continue for the next 9 months. Our advice to clients is to make arrangements in good time – as apartments are much more comfortable for extended visits and the top hotels lack sufficient capacity anyway.”</p
