News
Property-office market in Europe in 2011
In the most Europe countries –including and Bulgaria, the market of offices area will rise. The price per sq.m will be higher than the past 2010.Economic growth during 2010 is the main reason for improvement of European office markets.
Among the markets with best results in 2010 are Paris, Warsaw, London, Berlin and Moscow, all of which reported double-digit growth in rentals during 2010. Decrease was observed in property market in Athens, Dublin and Prague.
Several factors are expected to insure the positive development of the property market in 2011 as well and in Bulgaria. Among these factors is the imbalance between supply and demand, which in some property market will decrease.
Speculative projects in many markets are unlikely to be renewed in the short term, taking the low prices of the rentals and reluctance of the banks granted credit. This will lead to rental growth in prime areas in the most property markets.
Recovery in the economy in most Europe is expected to continue. The biggest property market in West Europe like Germany, UK and France is expecting to get slow growth in 2011.
Back to news
The Rose Festival 2015 – one spectacular event worth a visit
Sozopol among top 3 destinations in world tourism chart