Privatisation of municipal property in Sofia (enterprises and non-residential real estates) is executed by SOFIA MUNICIPAL PRIVARISATION AGENCY (SMPA). According to the Law on Privatisation and Post-Privatisation Control, the Agency is a specialised body of Sofia Municipal Council. In the world economy this activity is known under the name of “small scale” privatisation.
Offered for sale sites (shops, restaurants, bistros, workshops etc..) are situated on the ground floor of residential buildings in different districts of Sofia. Seldom there are whole buildings with adjoining area in Privatisation List. All these sites are very attractive for investors from small-scale and medium-scale business.
Basic privatisation methods are auction and tender.

Sofia Municipal Privatisation Agency is created at the end of 1992.
From 1992 to 2010 Sofia Municipal Privatisation Agency worked out 18 annual programs adopted and approved by Sofia Municipal Council. 17 programs have been already successfully fulfilled and 2 500 deals to the total value of 280 million US dollars (201 million euros) have been concluded.

In view of efficient management of the accumulated privatisation incomes, was established a Municipal Privatisation Fund by means of which the strategic relationship between privatisation and investment policy of the municipality was put into practice. This way investment projects of great importance for the capital city have been prepared, started and realised.

The activity of Sofia Municipal Privatisation Agency changed the aspect of the property in the Bulgarian capital. Over 96% of the municipal property in Sofia have been already privatised.