Sun, Jul 05 2009

BUSINESS PROPERTY DEVELOPMENTS GAIN POPULARITY IN BULGARIA

Wed, Apr 25 2007 12:48 CET 224 Views

Investor interest in business property in Bulgaria grows. Most investors plan developments like retail centres,  real estate agents said.

Bulgaria faces numerous problems related to retail and office space, investor.bg reported.

Figures for Bulgaria show that 160 sq m of retail space is available in Bulgaria per 1000 people. In comparison, 1000 people in Poland enjoy 520 sq m of  trade area.

Concerning office space, the situation is similar. An employee should have on the average 22 sq m of office space. In Bulgaria, employees have only eight sq m.

Bulgaria also lacks storage facilities meeting the international standards. The problem is similar concerning logistics centres.

The shortage gives investors the chance to develop in the business property segment, agents said.

Various companies have researched opportunities for the execution of such projects in Bulgaria but specific plans have not been presented yet. 

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