Weather In Bulgaria On March 29: Sunny Skies and Rising Temperatures Across The Country
Bulgaria is set to experience favorable weather conditions on March 29, with mostly sunny skies forecasted across the country
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
2017 is expected to be record for the retail market in Bulgaria, predicts Forton, a strategic partner of Cushman & Wakefield for Bulgaria.
In the first eight months of this year, transactions for over EUR 400 million were made, the company reports.
So far, the ownership of five major shopping centers has changed or ended, and further transactions in this segment are expected by the end of the year. If all of them are completed, the total value of retail segment transactions will exceed EUR 520 million, and the total market will exceed EUR 900 million, experts predict.
With such a result, 2017 will be ahead of pre-crisis 2008, when sales of The Mall, City Center Sofia and other projects amounted to EUR 345 million.
Shopping Centers - a key driver of the property market in Central and Eastern Europe
Bulgaria is no exception to the general trend in Central and Eastern Europe, where shopping center acquisitions are the strongest driver of investment markets this year, says Cushman & Wakefield Forton CEO Michaela Lashova.
"The main reason for the increased investor interest in our country is the growth of the economy and consumption, which leads to higher turnover of the traders and respectively of the rents," she added.
These positive trends are also supported by the limited construction of new areas. This helps the working projects to consolidate their position on the market and increase their attractiveness to investors.
Interest in acquisitions is mainly from funds and companies that build a portfolio of assets in the region and our country is among their target markets.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
Svetoslav Stanulov, chairman of the Association of Bulgarian Airlines (ABA), has emphasized the need to assess Sofia Airport's potential as a hub for transit and transfer flights
Pegasus Airlines is set to recommence its scheduled flights between Sofia and Istanbul, marking a significant milestone in air travel connectivity between Bulgaria and Turkey
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022