Sat, Jul 04 2009

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

Wed, Apr 09 2008 13:46 CET bywww.propertywisebulgaria.com 492 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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