An Old School Building - ID 1563

Office Market In Sofia Still Undersupplied Cushman Amp;wakefield 20/03/2008
Despite the expected delivery of 55 000 sq m new office space to Sofia’s business property market this year, it will not be enough to meet the existing demand, according to a forecast by business property agents Forton, cited in a research paper by Cushman&Wakefield property consultants. The current lack of high quality space was one of the main features of the Bulgarian office market during 2007. Prime rental levels were unchanged as demand for high quality space remained high. Sofia is the main target for occupier interest, although a number of secondary cities have started to see an increase in an occupier activity. Rental levels should rise in 2008 as the lack of grade A space will remain a concern for occupiers and the development pipeline is still low, the Cushman&Wakefield... more

Bulgaria Holds Huge Potential 11/07/2008
After a year and a half of European Union membership, Bulgaria is undergoing a reality check. While the country is enjoying strong economic growth, there is growing popular frustration over a wide gap with "old" Europe in standards of living and social protection. Consumer protests against fuel prices have so far been muted in Bulgaria. But planned increases in the cost of basic utilities and public transport could spark discontent on a larger scale. Yet the global credit squeeze has had only a moderate impact. Economic growth, projected at 5 per cent for 2008, remains among the highest in the European Union. The stock market has been hardest hit - although the sharp fall in prices has encouraged Bulgaria's largest companies to consider offerings on leading international stock... more