Commercial Property Investments in Bulgaria Surge in 2011

Commercial Property Investments in Bulgaria Surge in 2011

The volume of commercial property investments in Bulgaria surged to 198 million euro ($260 million) last year from 19 million euro in 2010, a report by an international real estate consultancy indicated.

Yields on the commercial property segment in the Balkan country remained mostly unchanged in 2011 and should hold steady this year, a report by Cushman&Wakefield published on Wednesday showed.

The rate of return on investment in industrial space in Bulgaria was highest last year at 12%, followed by office space yields at 9.5% and retail space at 9.0%.

Commercial property investments in Central and Eastern Europe rose by 76% to $19 billion in 2011, the report indicated.

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