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 Start > News > Bulgarian Property Statistics >
Bulgaria, Romania Leaders on the European Real Estate Market |
Great Britain ranks first in terms of foreign investments in the real estate business with 34 per cent of the total transactions made on the European real estate market, followed by Germany with 21 per cent and France with 13 per cent, the Romanian news agency nine o’clock reports.
Romania and Bulgaria are leaders on the retail area, a research by DTZ shows, cited by the nine o’clock news. Investments made in the Eastern Europe amount to 8 bln euros in just twelve months.
In Romania, Sema Parc, the largest residential complex in the capital, accounted for a transaction of 90 mln euros. With a total of 700 mln euros, the project that will replace Semanatoarea plant, is expected to be completed by 2015. The transactions made on the Romanian real estate market have reached the financial level of those made in other European countries.
In Bulgaria, the market registered the same growth supported by the acquisition of Polus Center by Immoeast for 210 mln euros. The American investments in sofia.html">Business Park Sofia are estimated at 180 mln euros, the main investments in the area.
In 2006, the real estate market was estimated to be around 800 mln euros for 22 mln inhabitants, while in Germany, with a number of inhabitants four times bigger, it reached EUR 2.6 bln.
In Romania, Bucovina Shopping Center and the business park in Sibiu are considered the most important investments by DZT specialists. North Real Estate Opportunities Fund acquired the business park of 50,000 sqm, while investments made in the acquisition of the commercial center, which will be opened in 2008 amounted to 60 mln euros
According to the same research, last year, in Europe properties of about 180 bln euros were bought and sold, an amount higher with 33 bln euros than the one registered in the previous year. In the last three months of 2005, the amounts reported by the European real estate market raised to 47 bln euros.
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15.02.2007
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