---
title: "Sotherby’s International Realty launches in Bulgaria"
url: https://burnaze.com/article/e9d3fccc-0cb9-4774-b1d8-5046c6cd70ec
source: "Global Franchise"
original_url: https://www.global-franchise.com/news/sotherbys-international-realty-launches-in-bulgaria
author: "Raghav Patel"
category: "Real estate"
industry: "Business Services"
segment: "Real estate"
published: 2021-10-15T10:10:00.000Z
modified: 2026-10-31T16:26:47.868Z
image: https://cdn.global-franchise.com/wp-content/uploads/2021/10/Bulgaria_landscape.png
---

# Sotherby’s International Realty launches in Bulgaria

**TL;DR:** Sotheby’s International Realty has launched in Bulgaria through a partnership with Iris Estates, which will operate as Bulgaria Sotheby’s International Realty. This marks the brand’s 200th affiliated office in the EMEIA region.

*By Raghav Patel, originally published in Global Franchise on 2021-10-15. [Read the original](https://www.global-franchise.com/news/sotherbys-international-realty-launches-in-bulgaria).*

## Story

Sotheby’s International Realty has announced that the Bulgarian realtor, Iris Estates, will join Sotheby’s network and operate as Bulgaria Sotheby’s International Realty. This marks the brand’s 200th affiliated office in the EMEIA region.

“Bulgaria is an emerging market and is an attractive destination for residential developments, making it appealing for global investors,” said Philip White, president and CEO, Sotheby’s International Realty.

“The country is seeing positive momentum, offers attractive prices, and is situated between major cities in Europe, Asia, and Africa. The luxury segment is well-positioned in the market, and I look forward to supporting Hristo and the entire Bulgaria Sotheby’s International Realty team as they continue to service the country.”

Bulgaria Sotheby’s International Realty is owned and operated by Hristo Angelkov in partnership with Andrei Manoukovski. The Sofia-based team brings 50 years of experience to the company and will service the entire country with two offices.

“As a leader in luxury residential real estate in Bulgaria, it was only natural for us to align with a brand like Sotheby’s International Realty,” said Angelkov.

“From the beginning, our company focused on luxury and residential real estate and provided high-quality services to expats and diplomats. Due to the draw of investment opportunities, we expect to receive increased interest from other Western European countries and the Middle East from both investors and individuals alike.

“Our affiliation with Sotheby’s International Realty enables us to meet and exceed the needs of our clients while presenting these prospects to a global audience.”

Manoukovski also successfully owns Moscow Sotheby’s International Realty, which services Cyprus, Hungary, Kazakhstan, Slovenia, and Russia, and has been operating for more than 10 years.

Sotheby’s International Realty has had a busy year, opening offices for the first time in South Korea, Oman, Jamaica and now in Bulgaria.

## Entities

- Business Services (sector)
- Global Franchise (publication)
- international expansion (topic)
- Raghav Patel (person)
- real estate (topic)
- Bulgaria (location)
- emerging market (topic)
- luxury segment (topic)

---
Originally reported by Raghav Patel, Global Franchise (https://www.global-franchise.com/news/sotherbys-international-realty-launches-in-bulgaria). Summarized by Burnaze (https://burnaze.com/article/e9d3fccc-0cb9-4774-b1d8-5046c6cd70ec).