Bulgaria business property deals contracted sixfold – Forton
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.
Sat, Nov 07 2009
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
Complexes exceeding 900 000 sq m of new office space are currently under construction in Sofia, but many of them will be slashed.
Expo Real is the largest European commercial property trade fair. Today the heart of the trade fair is beating in the same rhythm as the heart of the industry, i.e. considerably less excitedly than in previous years.
The Bulgarian government gave the green light to a proposal to raise the maximum property tax rate from 0.2 per cent to 0.25 per cent of the property appraisal.
The city hall demolishes three buildings for not meeting legal requirements amid protests from the beach concessionaire
French retail chain Carrefour has confirmed that it will open a store in Mall Pleven
Eastern Europe's declining competitiveness accounts for a geographic relocation in outsourcing of office space. Nevertheless, Bulgaria is holding its own.
Warehouses and logistics centres still offer potential opportunities in the midst of an economic downturn for investors and developers.
The conference BalREc - Awaiting Recovery aims to present the platform for discussion and analysis of the most important trends and problems currently faced by the industry.
The Bulgarian Construction Chamber gave away TOP 50+.
The construction works are scheduled for the start of 2010.
Over BGN 600m to be invested in wind park and photovoltaic plants.
Ruse community won a project for reconstruction of the central urban zone.