Sun, Nov 08 2009
Nearly 330 exhibitors from 18 countries took part in the 16th edition of International Property, Investment and Finance Fair REFE, an increase of 12 per cent in comparison to figures for the previous year. REFE took place from April 20 to 22 in Poland.
In the investment part of the 16th REFE banks, property managers, city and commune councils presented property investment opportunities. Discussions on finance, business, investments and tourism assets of cities and towns were held during the main part of the expo. Its third part focused on residential developments.
A conference on investment potential of Central and Eastern Europe seemed to be a focal event. Other lectures saw the participation of 41 speakers from Bulgaria, France, Poland, Romania, Ukraine and US.
Organisers said that the autumn edition of the expo will focus on Polish companies.
The autumn edition of the expo will be intended for developers, investors, representatives of national and regional authorities, city and municipal councils, chambers of commerce and trade, sector associations, architects, and others having interest in the property sphere.
Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.
Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro.
About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.
Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.
The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total