The global real estate agency IQI, has officially made its mark in the Balkans with the launch of IQI Bulgaria.
As part of the proptech leader Juwai IQI, this expansion brings new offices to three major cities and unites nearly 250 agents and staff across the country through a partnership with local agency, Imoteka.
With this latest move, IQI Global now operates in over 32 countries worldwide.
Juwai IQI Co-Founder and Group CEO, Kashif Ansari said the company is pleased to be able to launch with a leadership position in Bulgaria by adding one of the country’s most successful local real estate agencies to the IQI network.
“We are extremely excited to have Yavor Peychev and his team at Imoteka join the IQI network. Imoteka stands out due to its market leadership, focus on mid-segment and luxury properties, and its commitment to integrating cutting-edge technology into operations.
“Just last year, Imoteka closed transactions worth €200 million. We expect the residential market to be worth €292 billion by year’s end. House prices reached a record high in 2024, having increased 15% from a year earlier.”
“Prices are being driven by economic growth, capital inflows from the European Union, and sustained low interest rates. For luxury properties, there is strong demand from international buyers,” shares Kashif Ansari.
He also notes that this year, they expect clients and buyers to rapidly adopt IQI’s globally leading, AI-empowered tech stack for even greater success.
The country (Bulgaria) offers both urban properties in beautiful cities like Sofia, Plovdiv, Varna, and Burgas, as well as beach properties along the renowned Black Sea Coast and mountain properties in the famous ski resorts in Pirin, Rila and Rhodopa mountains.”
Juwai IQI Co-Founder and Group CEO, Kashif Ansari
Juwai IQI Co-Founder and Group Managing Director, Daniel Ho said, “By bringing IQI’s international network and technology to Bulgaria, we will give the agents their tools that can make them more productive and help them increase their earnings.”
“Both buyers and sellers will see a difference as agents start to use our super-app Atlas and our Juwai and IQI marketing portals to enhance customer service and generate more buyer leads.”
Bulgaria is already an appealing real estate market to be in, and it’s only getting better. The country is already a member of Europe’s visa-free travel Schengen Zone. With GDP growth of 2.8%, its economy is growing.”
Juwai IQI Co-Founder and Group Managing Director, Daniel Ho
IQI has appointed Yavor Peychev, CEO of Imoteka, as the Head of IQI Bulgaria to lead and grow the team. Imoteka, part of the holding company Realto Group, is recognized as a major player in the real estate agency sector in Bulgaria and Southeastern Europe.
“We are excited to become part of the global IQI network, with its more than 58,000 real estate agents in 32 plus countries. Joining IQI aligns perfectly with our vision of expanding our reach to the global level and enhancing our service offerings.”
We are the first agency in Bulgaria to implement AI tools into client services, and we sought a partner that can help us further develop our technology to empower our agents and clients.”
CEO of Imoteka and the Head of IQI Bulgaria, Yavor Peychev
Mr. Peychev further add, “Becoming IQI Bulgaria means that we will have some of the world’s best technology, practices, and marketing tools at our disposal. Our agents will be able to earn more, and our vendors and buyers will benefit from even better outcomes.”
Excited about investing in Bulgaria property? Get expert advice from our professional real estate negotiators, who can provide you with the best market insights!
Continue Reading:
