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Investors eye European commercial real estate
Interest in European commercial real estate has been attracting a great deal of interest from potential investors in the second quarter of 2010, new figures show.
According to the latest data from CB Richard Ellis, there has been a 15 per cent rise in comparison to the first three months of the year, taking the total commercial real estate turnover for the period to EUR23.5 billion.
The rise comes in spite of a number of external factors which are likely to have a large impact on the economies of a number of countries, such as the debt crisis and introduction of austerity measures by many governments.
Michael Haddock, director of EMEA Capital Markets Research at CB Richard Ellis, said: "With a growing number of larger transactions in Europe, we are also starting to see an increase in cross border activity."
Meanwhile, the news could lead to an increase in the number of searches for Sofiya property, with the region at the centre of Bulgaria's economic trade. - PropertyShowrooms.com
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