Thu, Feb 09 2012
Carrefour's first outlet in Bulgaria was opened in the Bourgas Plaza shopping centre in March.
Photo: Georgi Kozhouharov
Carrefour is set to open doors of a 10 800 sq m store in the Galeria Plovdiv shopping mall, still under construction.
The European Trade Centre has five class A office buildings with a total area of 70 000 sq m. Colliers International is the consultant on the 70 million euro project
After Bourgas, Carrefour eyes Sofia next, but not before February 2010
Carrefour opens the first of four stores planned for Bulgaria in Bourgas Plaza, the city's first shopping mall, which is due to open for business in the first week of April
France's Carrefour, Europe's biggest retailer, has not given up on the planned rapid expansion in Bulgaria despite the global economic slump, sources close to the company said. The chain has inked a contract to open a 10 000 sq m outlet in Rousse's Grand Plaza shopping mall, which should be finished in 2010. Carrefour has been preparing for Bulgarian entry for a several years now, planning to debut in 2009 and build a 30-strong network of supermarkets and hypermarkets over the folowing five years.
Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.
Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.
Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.
Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.
Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.