Prices For Industrial Property In Bulgaria Among Europes Fastest Growing Study 18/03/2008
Sofia’s industrial and logistic areas posted a nine per cent mark-up year-on-year in rental prices, which places Bulgarian capital among Europe’s 10 cities with fastest price growth, a recent survey by Cushman&Wakefield (C&W) international property consultants showed. The ongoing lack of supply continues to constrain the market, although take-up levels did rise over the course of 2007. Demand from both domestic and international companies is focused on Sofia and surrounding area, which have superior transport links. However, Plovdiv, the main traditional industrial area, is also growing in popularity. Owner occupation is high due to the lack of modern stock, but developers are now beginning to build speculatively. Currently, Bulgaria’s average annual rentals for industrial space stand... more

Varna - The "best" City For Living In Bulgaria 19/03/2008
The Black Sea city of Varna enjoys the best conditions for living and working in Bulgaria, according to a survey conducted by Darik Radio in association with Bulgarian language daily 24 Chassa. The research, conducted in October and November, ranked 35 Bulgarian cities according to 40 criteria. These included the availability of green areas, the number of kindergartens, road conditions, public access to wireless Internet, climate, investment, unemployment rate, recreational opportunities, cleanliness, signposting, facilities for disabled people, architecture, airport availability, parking and health service as well as the crime rate and various other benchmarks. The study's aim was to evaluate the quality of life in Bulgarian cities at the turn of 21st Century. The findings did... more

Overseas Property Market To Attract City Money In 2008 19/03/2008
Overseas property will be the focus of City bonus investment next year as well as prestigious locations in the UK Property experts are confident that Christmas bonuses will still be spent on bricks and mortar, despite the gloomy outlook in the financial and property markets. However, it will be the overseas property markets and more prestigious locations in the UK that will benefit most. Despite forecasts that London's City workers might see their seasonal bonuses diminish by an average 16%, the pot still is estimated to reach Ј7.4 billion, and a substantial amount will be spent on property. But next year, property experts believe over 70% of the money invested in property will be channelled overseas. 'We have seen a 17% rise in enquiries this month, as workers focus on... more

Haskovo Mall To Cost 22m Euro 11/04/2008
Bulgarian firm Marsa plans to invest 22 million euro on Haskovo Mall, the first shopping centre of its kind in the southern Bulgarian town, investor.bg reported. The company has already secured a 4800 sq m plot some four kilometres from the town centre, in an area that is already shaping up as a major shopping district with several household appliance retailers and car dealerships, as well as convenient access. Haskovo Mall will have a built-up area of 20 000 sq m, featuring four storeys of stores, restaurants, cinema halls and a supermarket, as well as a two-level underground parking lot. "The size of the mall reflects that of the town and the area," Marsa shareholder Temelko Pampov said, as quoted by investor.bg. The catchment area of the mall is 200 000 people, mainly from... more

Sofia Airport Centre Construction Launched In Bulgaria 10/03/2008
On June 5 Sofia mayor Boiko Borissov, US ambassador to Bulgaria John Beyrle and British ambassador to Bulgaria Jeremy Hill launched the construction of Sofia Airport Centre. The 250 million euro-worth business park will spread on a total area of 165 000 sq m. Nearly 100 000 sq m of the total area will be developed as class A office space. The centre will also have industrial and logistics areas, as well as a hotel. Borissov said that the municipality will issue the permit needed for the project within days. Labour price in Bulgaria was nearly 20 times lower than in other EU member countries, Borissov said. He said that such projects could hopefully change the trend. Tishman International is investor in the project. The first phase of the project completion should end by... more