Sun, Nov 22 2009

Commercial property deals top 878M euro in 2007 -CB Richard Ellis

Wed, Apr 09 2008 13:46 CET bywww.propertywisebulgaria.com 701 Views

The value of major deals struck on the Bulgarian commercial property segment rose 35 per cent on the year to 878 million euro, a report released by CB Richard Ellis on April 9 showed. The international property consultancy said that the figure was only an approximation because of the lack of transparency on the market.

Despite the uptick, the figure remains two to three times smaller than in other Central and East European countries. According to CB Richard Ellis, in the next three years Bulgaria will successfully catch up with CEE peers as international investors enter the country.

Last year, Bulgaria witnessed 40 large deals, 15 of which referred to office buildings and 10 to commercial buildings.

For the full story, please visit propertywisebulgaria.com

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CBRE Colin Wadell - Bulgarian real estate market suffers from small scale and low liquidity

In Bulgaria, funds and investors currently lack abundant financial resources at a ready disposal, have limited capital for investments and banks accordingly are very cautious in releasing crediting which creates further obstacles for the market

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CB Richard Ellis administers expansion in central and eastern Europea with strategic contracts assuring them stronger influence in the real estate markets of Bulgaria, Greece and Romania

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