Sun, Jul 05 2009

LOCATION AND EU ACCESSION TO BOOST BULGARIA'S INDUSTRIAL PROPERTY MARKET

Fri, Mar 02 2007 09:16 CET 286 Views

Investors will be increasingly interested in logistic and industrial property in Bulgaria in 2007 and 2008, real estate agents said.

The country's location and EU accession were among the reasons for the higher investor interest as Western companies will profit from moving production to Eastern Europe, Dnevnik daily said.

Bulgaria' coastal cities of Varna and Bourgas will attract a number of such investors because they are external EU borders.

Currently only 10 plots suitable for logistics and industrial projects were available in Varna, Dnevnik said. The number of such plots in Bourgas was five.

Infrastructure near logistic and industrial lots was among the main price determining factors.

The coastal region had already attracted some major property projects. Moto Pfohe's biggest showroom on the Balkans will be constructed near Varna.

A new business area will also be constructed near Varna, along Hemus highway.

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