Danos, an alliance member of BNP Paribas Real Estate, has published the latest real estate market reports.

Danos, an alliance member of BNP Paribas Real Estate, has published the latest real estate market reports.

Danos, an alliance member of BNP Paribas Real Estate, has published the latest real estate market reports. According to the latest macro economic data some positive trends are observed during the second half of 2010 and expectations are that this will reflect the real estate property market perspectives in the near future. At the same time problems like oversupply of office space in Sofia and lack of tenants in the newly open malls in the big cities are still hard to overcome.

In H2 2010 the residential market remains still, with significantly less new residential units as well as construction permits compared to the last few years.

The office segment is characterized by significant oversupply in the city of Sofia reaching 1,200,000 sq m and extremely strong pipeline with projections for another 200,000 sq m for the next one, one and a half years.

The second half of the year was much more quiet in regards to retail stock increase. The existing stock of shopping centres is 616,000 sq m of which 38% in Sofia. Food retailers remain the most active among other big- box retailers in Bulgaria.

The logistic segment was dynamic in the first semester of 2010 but the second one proved weaker with only 3 %  growth in stock (in the four major cities). 50% of the total stock is concentrated in and around Sofia.

H2 market reports prepared by Danos are available on www.danos.bg

 

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