In Bulgaria. Investment, Holiday And ... Your Pasport To Investing - Flat
Your Pasport to Investing in Bulgaria. Investment, holiday and ...
Annual yields edged down to between nine and 10 per cent from 9.5 to 10 per cent at the end of 2005. Bulgarian supermarket chain Fantastiko will open a shopping mall in Sofia, Sky City Shopping Centre, with a total retail area of 16 000 square meters, by the end of this year. Demand from international companies seeking to enter the Bulgarian market or expand their business will drive the rents up. Foreign companies on the Bulgarian market are expanding their activity and start considering seriously the real estate issue. Rental prices in shopping centres and malls in Sofia ranged between 30 euro and 60 euro a square metre monthly in the first half of 2006, Colliers said. Rental rates ranged between 13 and 22 euro a square meter monthly for high quality office space in downtown Sofia in the first half of 2006, Colliers said in its market report for the first half of 2006. The company expects rental of Bulgarian property prices to rise. The total inventory of high quality office space in Sofia rose by 11 per cent between January and June to 502 000 square metres, Colliers said in its report. The yield is still higher than in other Southeast European countries, Colliers said. There are another 15 projects for construction of large shopping centres in the city. They offer a combined 42 000 square metres of rental area.
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