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SOFIA (Bulgaria), April 19 (SeeNews) - Investment in Bulgarian and Romanian commercial real estate markets rose in 2016 compared to 2012, real estate consultants Colliers International have said.
Investment in commercial Real estate investments in Bulgaria totalled 262 million euro ($280.7 million) in 2016, up 3.4% compared with 2012, while investment in Romania jumped 4.5 times to 915 million euro, Colliers said in its CEE Real Estate Investment Compass 2017 report posted on the corporate website.
The report includes 6 countries in the region of Central and Eastern Europe - Poland, Hungary, the Czech Republic, Slovakia, Bulgaria and Romania.
"Preliminary numbers into CEE-6 for the end of Q1 2017 stand at 2.30 billion euro. This represents a growth of 41% compared with Q1 2016 and 45% higher than in Q1 2015. The region has started the year well," Colliers International said.
The total investment in those six countries for 2016 amounts to 12.2 billion euro which represents the highest level since 2007 (13.0 billion euro), and a 40.2% increase compared to 2015.
In 2016, as compared to 2011, the geographical distribution of the investment flow in commercial real estate in the CEE region has changed, Colliers International said.
The share of Asian investors in the sector increased to 20% in 2016 from zero in 2011, while the share of US, British and European investors decreased.
($= 0.933 euro)