Bulgaria Real Estate Market Report
Bulgaria’s gross domestic product climbed 1.5% on the year to EUR 8.37 bln in the second quarter of 2010. The country’s GDP slumped 5.0% in 2009 and is expected to return on positive rates by end-2010.
According to a survey of the National Statistical Institute among managers from the construction, retail trade and services sectors, the overall business climate indicator in July 2010 increased by 1.4% compared to a month earlier.
In the first six months of 2010 brought some improvement on the property market in Bulgaria with banks offering new lending options to the sector, which in the second quarter swelled by another BGN 78 mln.
In June 2010 Bulgaria ranked among the top three of the European Union (EU) countries with the sharpest drop in construction output, showed the latest data by Eurostat.
Bulgaria’s construction output declined by 17.5% year-on-year in June 2010, better only than Hungary and Slovenia. It registered the sharpest collapse in December 2009 when it contracted by 33.3% in annual terms.
The Bulgarian real estate market shrank by some 40% year-on-year in 2009, which led to a 36% drop in average property prices, reported real estate company Bulgarian Properties.
According to a survey of the National Statistical Institute among managers from the construction, retail trade and services sectors, the overall business climate indicator in July 2010 increased by 1.4% compared to a month earlier.
In the first six months of 2010 brought some improvement on the property market in Bulgaria with banks offering new lending options to the sector, which in the second quarter swelled by another BGN 78 mln.
In June 2010 Bulgaria ranked among the top three of the European Union (EU) countries with the sharpest drop in construction output, showed the latest data by Eurostat.
Bulgaria’s construction output declined by 17.5% year-on-year in June 2010, better only than Hungary and Slovenia. It registered the sharpest collapse in December 2009 when it contracted by 33.3% in annual terms.
The Bulgarian real estate market shrank by some 40% year-on-year in 2009, which led to a 36% drop in average property prices, reported real estate company Bulgarian Properties.
Contents
BULGARIA REAL ESTATE MARKET REPORT COVERS:Industry Overview
Leading Companies
Employment
Supply
- Residential Real Estate
- Office Real Estate
- Retail Real Estate
- Land Market
- Industrial Real Estate
Demand
- Residential Real Estate
- Office Real Estate
- Retail Real Estate
- Industrial Real Estate
Investments
- Foreign Direct Investments
Companies
- Residential Real Estate
- Retail Real Estate
- Office Real Estate
- Industrial Real Estate
Forecasts
- Residential Real Estate
- Retail Real Estate
- Office Real Estate
- Industrial Real Estate
- Land Market
LIST OF TABLES:
Main Economic Indicators
Main Players - Real Estate Business Activities
Top 15 Bulgarian REITs by Net Sales Revenue
Average Number of Employees
Average Monthly Salary of Employees
Building Permits
New Buildings by Region
Homes Completed and Useful Floor Area
Newly-Delivered Office Space
Delivered Office Space
Major Office Projects Completed in Sofia
Office Developments Scheduled for Completion in Q3 2010
Delivered Retail Space
Retail Centres Under Construction
Average Prices for Residential Buildings
Prices of Residential Buildings in Some Major Southeastern European Cities in 2009
Office Take-up in Sofia
Class A Office Real Estate Indicators (CBD) in 2009
High Street Rents in Major Bulgarian Cities in Q2 2010
Basic Industrial Market Indicators – H1 2010
Major Foreign Investors in the Bulgarian Real Estate Sector
Acquisition Costs of Non-current assets
Expected Residential Area in 2009 Skip to top