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Funds plan Hundreds of Millions for Property Investments
 Hundreds in millions of Euros will be invested in Bulgarian properties in 2006, indicated by the intensions of many regional investment funds, market analysts claim According to Bloomberg Agency, for example, more property investment companies have registered with the London stock Exchange in the last year alone than in the previous seven years put together.

One third of all new funds relate to Bulgaria, where property prices are constantly on the increase the closer we get to January 2007, the expected date for Bulgaria's accession to the European Union. Apart from these funds, there are many foreign companies that, counting on a good return, will be investing in properties there in the course of 2006.

Their shareholders have each put aside about 30-50m euros for such projects, and experts foresee a total investment in the region of 300-500m euros. The house and holiday homes market is extremely viable. The same does not yet apply, though, to the supply of commercial and industrial plots, at a time when much stronger foreign demand for them is imminent. Major projects of this kind are yet to come, the agencies forecast.

The foreign funds future interest will be mostly concentrated in traditional ways of investing by buying commercial, business and industrial buildings with established long-term rental contracts, and them managing them to secure a regular income. Foreign companies on the Bulgarian property market at the present rely on a 7-9 per cent investment return.The Wall Street Journal and Industry Watch publications confirm the new dominant trend on the property market, i.e., investing in industrial and warehouse plots and commercial centres in Bulgaria will continue to attract foreign buyers. At the same time the property market in Western Europe will keep its present character with demand outstripping supply.

The remaining free capital, therefore, will be directed towards new and active markets. The average return of 15 per cent from property investments in Western Europe is expected to reduce to 12 per cent in 2006. According to The Wall Street Journal, investment return in Eastern and Central Europe is dynamic, and for industrial, commercial and warehouse plots it is expected to reach 11 per cent, compared to London's 7 per cent.