Sun, Nov 08 2009

Total housing inventory increased to 240.706 million square metres, a 0.7 per cent increase from a year earlier.
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More than 19 000 sq m of new office space have been made available. Additionally, five new shopping malls are under construction in Sofia alone.
The western part of Varna, which has been transformed over the past few years into a modern industrial and business centre, will see the inauguration of yet another large office and retail complex by December 2009.
BTC signs a lucrative 20-year deal with the European Trade Center for 23 000 sq m of office space, making it the largest such deal on the Bulgarian market to date.
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
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