Fast growing industrial property prices in Bulgaria

Deals

Sofia’s industrial and logistic areas posted a 9% mark-up year-on-year in rental prices, which places Bulgarian capital among Europe’s 10 cities with fastest price growth.

The figures are cited from 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 at €73 a square meter (sq m), translating into €6 a sq m a month, which puts the country in 32nd place in the C&W global ranking, one slot down from the previous year’s standing, which could be attributed to the serious rental rise in a number of countries outside Europe. (sofiaecho)

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.