The volume of the property investment market is expected to grow to $3.7 billion by 2011, as compared with the current $1.7 billion.

Deutsche Bank property subdivision PREEF said in a recent report that the investment market of business property in Eastern Europe would grow by 100 per cent by 2011, investor.bg reported.

PREEF defined the investment market of business property as such properties that are owned by professional investors who keep the property for investment purposes.

The property investment market in Romania currently amounts to six billion dollars and it is expected to double by 2011.

PREEF data showed that Bulgarian assets that have the potential to be transformed into investment property total $5.4 billion, with those in Romania amounting to $23 billion.

The total volume of the property investment market in Bulgaria is $16 billion and that of Romania is $62 billion. The figure for Europe as a whole is $9.2 trillion.