Office space demand/supply to reach parity in 3 years The Bulgarian office space market will reach saturation point within the next three years, an outlook that means some properties will have vacancy problems while others will make it off the drawing board, said Sergei Koinov, CEO of commercial real estate services provider Forton International. There is still an undersupply of premium office space w... Slovenias Mercator among host of retailers primed to enter Bulgarian market The brief lull on the Bulgarian retail market has come to an end with a bevy of new players announcing concrete plans for start of their local operations. Market sources said Slovenian retailer Mercator has already picked the locations for its first outlets in Bulgaria. The company itself is still keeping mum on its plans for the local market. The ... Plovdiv property prices to add 15% in 2008 Plovdiv, Bulgarias second largest city, trailed only the capital Sofia in terms of property transaction numbers in 2007, said Dobromir Ganev, manager of real estate agency Foros. Some 20,000 properties changed hands in Plovdiv last year versus 18,000 for Varna, another of the booming regional property markets. The combined area of transacted proper... Sofia home price up, supply of holiday homes slows The Sofia residential market stayed strong throughout the second half of 2007 and, according to the latest research findings from Colliers International, displayed significant price increases in most locations. The largest increases were in the Ivan Vazov neighborhood with a hike in average asking sales prices of 33% in H2 2007, followed by Lozenet... Resort hotels facing piecemeal disposal The owners of some hotels on the Bulgarian Black Sea coast are revamping them into holiday home properties as concerns mount about the outlook for domestic real estate investments. The trend is especially evident in coastal resort Golden Sands, said local realtors. At the moment, there are apartment listings at the Berlin Golden Beach hotel in the ...