Business properties in Sofia continue to offer the highest returns among major capitals in Central and Eastern Europe (CEE). The highest yield in Bulgaria is from industrial properties – 8.5%. In Bucharest, which ranks second in the ranking, investors in industrial space can expect a return of 7.75%, and in Budapest it is 6%. Sofia is the leader in CEE …
BalREc Real Estate Market Conference
On October 26, 2021. BalREc real estate market conference was held. The event provided an opportunity for leading market participants to meet and discuss current trends in the industry. Leading investors, financial institutions, consultants, project managers, law firms and other experts involved in the largest projects and deals in the sector participated in the focus panels and sessions of this …
The pandemic is leading to a boom in demand for warehouse space in Southeast Europe
Logistics and warehousing companies are accelerating their expansion plans in Southeast Europe, where business is expected to grow strongly as the pandemic forces industrial companies to move operations close to major markets. Like other companies in the sector, the Dutch Raben reports increased interest from companies that want to establish supply chains near major markets in Western Europe to avoid …
The home office and the volatile economy affect office rents
Relocations and renovations dominate rental transactions due to the companies’ desire to consolidate and optimize their spaces. In the first half of the year, 39% of the gross leased space was due to relocations, 37% to contract renewals, 10% to the lease of space at the “under construction” stage and 10% to the expansion of existing companies. Only 4% of …
Rental control is becoming an increasingly polarizing issue in Europe
Rental controls are becoming increasingly popular in many European countries, but experts note that this rarely solves housing crises and may even lead to fear among investors. Rental control is a government policy, whether local or national, that aims to curb rising house prices. This policy aims to keep housing affordable, at least for the most vulnerable sections of the …
Demand outstrips supply to residences in Sofia
The supply of residences in the medium and high segment decreases, and demand grows, this leads to higher prices. The tendency to reduce the number of projects starting construction since the beginning of the pandemic continues. Supply may be further reduced, as rising construction material prices may postpone some of the planned construction projects in 2021 to next year. At …
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