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Land plots worth 262M euro sold in Bulgaria in 2007 |
Sales of land plots for construction in Bulgaria totalled 262 million euro last year,
according to data of consultancy firm Real Capital Analytics, Pari daily reported on February 18 2008.
The report includes data on the performance of office, retail, hotel, industrial space and buildings plots on real estate markets worldwide, but only for deals above 10 million US dollars.
In Bulgaria are registered 10 large-scale purchases of plots for the
construction of office buildings, which accounts for more than 30 per cent of
the big deals in the country. This speaks well for a continuing entrepreneurial
interest in this sector, Pari daily said.
Retail segment remained
dynamic as well, with the volume of land purchases estimated at 472 million
euro, double the amount in the office space segment. Industrial areas showed the
smallest growth on the two deals covered by the survey and hotels exhibited the
poorest dynamics, with only one large-scale transaction.
The total volume of similar transactions in Europe peaked at 215.3 billion euro. Half of them were in the office space segment, followed by retail developments with 25 per cent share, hotels and industrial property.
Transactions in land registered a minor share, which showed a mature investment market, unlike the Asian one, where transactions in plots formed around half of the total volume of real estate transactions.
