REIT to sell asset to Saglasie

Real estate investment trust (REIT) CCB Real Estate Fund, which is linked to Bulgaria’s blue-blooded industrial conglomerate Chimimport, will sell a stake in a Sofia real estate to the pension funds of Saglasie for BGN 9 ... More

Bulgaria home prices back to 2006 levels

Bulgaria’s residential property market saw thin volumes but steady prices in the first quarter of 2010, real estate company owners said. “Buyers are coming back, deal numbers are rising but only for properties at ... More

Revival of the real estate market in Serbia

Serbia’s Government is trying to stabilize the real estate market with new measures, such as subsidizes loans for apartments and programs for mass building of apartments. The biggest construction project is the building ... More

Warehouse rent prices in Bulgaria slide 20% Y/Y in 2009

Warehousing rents in Bulgaria have dropped by some 20% on average in 2009, according to the latest market surveys of leading global consultants GVA Sollers Solutions and Cushman & Wakefield. GVA Sollers Solutions estimated ... More

Office Space Market could Pick up in 2010

The market of office space will pick up in 2010, the CEO of the European Trade Center office center Tanya-Kosseva-Boshova forecast. As a whole, Bulgarian companies will contribute to about 5 per cent of the demand on the office ... More

EBRD grants EUR 5 million

The European Bank for Reconstruction and Developent (EBRD) approved a EUR million credit line intended for supporting Macedonian real sector. The loan will be paid through Ohridska banka. The loan will support the strategy of ... More

Main shareholders seek control of Prime Property BG

Several related companies together controlling 64% of Prime Property BG will try again to take control over one of the biggest Bulgarian real estate investment trusts, the agenda of a forthcoming shareholders' meeting shows. ... More

Prices of land around Kremikovtzi 50% lower in a year

The prices of land plots around Bulgarian steel mill Kremikovtzi nearly halved compared with their year-earlier levels, a survey of a local sector newspaper showed. Currently prices stand at EUR 20-60 per sq m, while last ... More

Office rents retreat to 2006 levels

Office rental prices in Bulgaria have dropped to their 2006 levels, shows a survey of property consultancy Colliers. Top-quality offices on major thoroughfares are rented for EUR 14-15 a square metre, or the same as rentals in ... More

Gov't puts 90 public buildings up for sale

A number of investors have expressed an interest in purchasing buildings in which Serbian government departments have their headquarters. According to the Italian Trade Commission (ICE) office in Belgrade, the plan, proposed by ... More

Russians drive Santa Marina sales

Russians topped the list of buyers in the Santa Marina holiday village of Bulgarian real estate developer FairPlay Properties, the fund said. Contracts signed in the six months of the year totaled BGN 13.8 million, where BGN 10.6 ... More

Rentals of commercial spaces in Bucharest dropped 30 pc in Q1 2009

The rentals of the commercial spaces in Bucharest dropped 30 per cent in the first quarter of this year against the same period of the past year, in the conditions in which the “prime” rentals in the retail segment ... More

Prices of old apartments in Bucharest have dropped by 15 pc in March reports Colliers

The prices of old apartments in Bucharest have dropped by an average of 15 per cent in March compared to the level registered in February, while the prices of new apartments have stagnated, a study authored by the Colliers ... More

Upscale properties still search for price equilibrium

The Bulgarian luxury property market is still trying to match buy and sell prices, found a new study by Raiffeisen Real Estate. Sofia property owners set 20% higher price tags than real deals. In Varna, on the Black Sea coast, ... More

7 pc drop in real-estate transactions in 2008

The number of real-estate transactions has dropped by approximately 25 per cent in the last four months of last year, according to the National Union of Public Notaries in Romania (UNNPR). For the whole of 2008 the UNNPR points ... More

Raiffeisen Evolution to postpone construction of new mall in Bucharest

The Company Raiffeisen Evolution Project Development postponed the construction of a shopping centre about to be built as part of the Floreasca City Project in Bucharest, and also the construction of a residential project of 170 ... More

Albania Property boosted by new fund

The Albanian property market is expected to see a boost after the establishment of a €100 million private fund real estate fund for the region, reports “The fund will provide a massive boost to ... More

Home rent market 12% up

New home rent contracts have surged by 12% in October 2008 from the same period last year as the global economic crisis cooled off the property market and left it at a crossroads, showed data of local realtor Address. ... More

Major mixed-use project in Indjija outside Belgrade

Colliers International Serbia is the exclusive agent for TQ City, a major mixed-use project by the Serbian investor Tradeunique in the town of Indjija outside Belgrade. TQ City is a modern high-quality mixed-use project, ... More

Airport City investing EUR 100 million

By 2010 around EUR 100 million will be invested in the construction of a hotel and business premises in the Airport City Belgrade business park. It was announced that a new phase of works had already started and that two towers ... More