Cee Logistics, Distribution Markets Lag Behind Retailer Expansion Report 15/03/2008
The Central and Eastern European (CEE) region has emerged as the focus for major growth in the logistics property market over the next few years, and thus an opportunity for investors and developers, according to the latest report by CB Richard Ellis on industrial and logistics property. Consumer spending over the next five years is forecast to grow much more rapidly across the CEE markets than in Western Europe. This, combined with high rates of growth in capital expenditure further fuelling economic expansion, is likely to result in a sharp increase in demand for distribution and logistics centres, linked to high growth in the presence of international retailers in the area. This expected growth has material implications for the logistics sector. The representation of major... more

Property Prices In Bulgarias Small Towns Increase 12/03/2008
Prices of property in Bulgaria's small towns and regions with population of less than 100 000 people were increasing, a National Real Property Association (NRPA) representative told Darik Radio. Prices of agriculture plots would continue rising in the coming years, the NRPA representative said. Currently prices averaged 100 leva a 1000 sq m. The rise in the land price resulted from Bulgaria's expected EU accession and from the emerging of investment funds interested in Bulgaria's agricultural land, NRPA said. The residential property demand decreased. Newly-built property would maintain the highest prices on the real estate market in the years to come, NRPA said. A number of investment funds were interested in buying complete newly-build buildings because of the... more

Construction In Sunny Beach Will Cease On May 15 30/04/2008
Construction in the Slunchev bryag (Sunny Beach) coastal resort could not be halted on May 1, Focus news agency said. Recently, the union of hotel owners in the resort demanded that heavy construction equipment be removed from the complex before May 1 because the first tourists are due to arrive at the beginning of the month. However, Bourgas Deputy regional governor Georgi Nikolchev said that, according to the law for the Black Sea coast, construction must finish by May 15. Nevertheless, Nikolchev had sent letters to the municipalities in the Bourgas region to start taking out the heavy equipment from resorts to give them a more welcoming image. more