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Direct foreign investments in construction, real estates down by 59%

FOCUS News Agency 07/21/2009 15:53
Direct foreign investments in construction, real estates down by 59% - Foreign Investors - Investment Property - Housing Crisis - Construction


Sofia. Direct foreign investments in construction and real estates in the first six months of the year amount to EUR 208,0 million that is a decrease by 59%, compared to the same period of 2008, when the result was EUR 511,2 million.



The average decrease in sale prices of trade areas in Bulgaria over the first six months of 2009 is 6,71%, a report of Foros National Real Estate Company on the survey of trade areas in the first half of the year shows. 
The average drop in rents of trade facilities is 2009 is 18,03%. 
In 2009 two large shopping centers have opened – Mall Plovdiv (with a gross leasable area 20 000 of square meters) and Burgas Plaza (with a gross leasable area 26 000 of square meters) and the mentioned centers are the first malls in Burgas and Plovdiv. 

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