ARTICLES LABELLED WITH TAG residential-market
01
Aug
2023
Aug
2023
Bulgaria’s residential market dives into recession
Bulgaria is witnessing a continuous decline in residential real estate transactions for the fourth consecutive quarter. According to data from the Registry Agency, property purchases across the country have decreased by 15% during Q2 2023, reaching 54,371 transactions in total.
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11
Jul
2023
Jul
2023
Eurostat reports slowdown in Bulgaria’s residential market
The Bulgarian residential market was growing at a slower pace in the first quarter of 2023, compared to the same period last year. On an annual basis, the increase was 9.5%, and 1.6% on a monthly basis. The data is part of the annual House Market Index by Eurostat on residential property prices and rents in the European Union.
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10
May
2023
May
2023
Bulgaria reports growing number of newly built houses
According to preliminary data from the National Statistical Institute, the number of newly built residential buildings in the first quarter of 2023 was 1 289, and the number of newly built dwellings was 4,427.
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Latest news
- Hotels move closer to the mainstream of real estate investment
- Royal Town kicks off new phase of resi project in Iași
- ZDR Investments snaps retail projects in Austria
- Hybrid living models gain ground in CEE: Inside Zeitgeist’s strategy for urban revitalisation
- Shopper Park Plus closes Polish retail park deal
- 7R enters Germany with €200 million investment partnership
- Capturing yield in CEE: Gránit AM’s playbook for the next market cycle
- Accor to open new Mercure hotel in Craiova
- Świecie unveils masterplan for Teutonic Castle revival
- Big Poland acquires retail park in Dzierżoniów
New leases
- The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
- REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.
- RecuNova has leased 305 sqm in the Bucharest-based Olympia Tower office building for a new medical clinic. The lease deal was brokered by Activ Property Services.
New appointments
- Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
- Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
- Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
