Real Estate Market in Bulgaria
In 2010 the Bulgarian real estate market continued to be under the pressure of the global economic downturn but showed first signs of recovery.
The residential market went down on an annual basis in terms of issued building permits, completed residential buildings and price levels. However, the number of residential property deals started to grow with real estate agencies reporting a twofold growth in January 2011.
The residential market went down on an annual basis in terms of issued building permits, completed residential buildings and price levels. However, the number of residential property deals started to grow with real estate agencies reporting a twofold growth in January 2011.
Contents
CHAPTER 1 - OVERVIEWSection 1. Industry Overview
Section 2. Economy Overview
Table 1: Main Economic Indicators – Bulgaria
Section 3. History & Geography
Table 1: 10 Largest Bulgarian Cities in 2009
Section 4. Major Developments
Regulations
CHAPTER 2 – LEADING COMPANIES
SOFIA | VIENNA | LONDON | NEW YORK
Table 1: REITs included in the BGREIT Index of the Bulgarian Stock Exchange (as of
Dec 20, 2010);
Table 2: Top 15 Bulgarian REITs by Net Sales Revenue in 2009
CHAPTER 3 – EMPLOYMENT
Table 1: Average Number of Employees Under Labour Contract;
Graph 1: Average Monthly Salary of Employees under Labour Contract (BGN)
CHAPTER 4 – SUPPLY
Table 1: Issued Building Permits
Section 1. Residential Real Estate
Table 1: Started Construction of Residential Buildings in Major Bulgarian Cities in 2010;
Table 2: Number of Completed Residential Buildings;
Table 3: Number of Completed Homes and Useful Floor Area (sq m);
Graph 1: Housing Stock in Bulgaria;
Graph 2: Useful Floor Space of Homes in Bulgaria (sq m);
Table 4: Major Residential Projects Completed in Sofia in 2010
Section 2. Office Real Estate
Graph 1: Newly-Delivered Office Space in Sofia;
Table 1: Largest Office Projects Completed in Sofia in 2010;
Table 2: Largest Planned Office Developments in Bulgaria
Section 3. Retail Real Estate
Graph 1: New Supply and Total Stock of Shopping Centres in Bulgaria;
Graph 2: Shopping Malls and Retail Parks Delivered to the Market;
Graph 3: GLA of Shopping Centres per 1,000 Residents;
Table 1: Largest Existing Shopping Centres in Major Bulgarian Cities as of end-2010
Table 2: Largest Planned Shopping Centres in Major Bulgarian Cities as of end-2010
Section 4. Industrial Real Estate
Graph 1: New Supply of Prime Industrial Space in Sofia Region;
Table 1: Largest Logistics Projects in Bulgaria
Section 5. Land Market
Table 1: Land Portfolio of Listed Bulgarian REITs in 2010;
Table 2: Net Profit/Loss of Listed Bulgarian REITs Investing in Land
CHAPTER 5 – DEMAND
Graph 1: Loans to Real Estate Companies in Bulgaria (BGN bln)
Section 1. Residential Real Estate
Graph 1: Average Market Prices of Homes in Major Bulgarian Cities (BGN/sq m);
Table 1: Prices of Residential Buildings in Some Major Southeastern European Cities in 2009;
Graph 2: Average Residential Prices in Selected Locations in Sofia;
Graph 3: Average Rents in Selected Locations in Sofia
Section 2. Office Real Estate
Table 1: Selected Lease Transactions in Sofia in 2010;
Table 2: Prime Office Rents and Yields in Some SEE Capitals as of Q2 2010;
Graph 1: Distribution of Tenants by Business Sectors in Sofia in 2010
Section 3. Retail Real Estate
Graph 1: High Street Rents in Major Bulgarian Cities;
Graph 2: Prime Rental Rates in Shopping Centres and Malls in Major Bulgarian
Cities in H2 2010 (EUR/sq m/month);
Table 1: Prime High Street Rents in Some SEE Capitals (EUR/sq m/year);
Table 2: Prime High Street Yields in Some SEE Capitals (%)
Section 4. Industrial Real Estate
Graph 1: Prime Industrial Rents, Yields and Vacancy Rates in Sofia Region;
Table 1: Basic Industrial Market Indicators as of Q3 2010
CHAPTER 6 – INVESTMENTS
Graph 1: Foreign Direct Investments in Bulgaria (EUR bln);
Graph 2: Acquisition Costs of Non-current Assets (BGN bln)
Section 1. Companies
SOFIA | VIENNA | LONDON | NEW YORK
Residential Real Estate;
Retail Real Estate;
Office Real Estate;
Industrial Real Estate
CHAPTER 7 – ASSOCIATED INDUSTRIES AND FACTORS
Graph 1: Construction Output in Bulgaria and European Union in 2010;
Table 1: Foreign Tourist Arrivals in Bulgaria
CHAPTER 8 – FORECASTS
Table 1: Macroeconomic Forecast – Bulgaria
Section 1. Residential Real Estate;
Section 2. Retail Real Estate;
Section 3. Office Real Estate
Section 4. Industrial Real Estate
Section 5. Land Market
CHAPTER 9 – EVENTS
Table 1: Real Estate Exhibitions;
CHAPTER 10 – INDUSTRY REFERENCES Skip to top