The latest news from the ‘Emerging Trends in European Real Estate 2008’ report by PricewaterhouseCoopers and the Urban Land Institute also supports the above information – in the report they cite Eastern European nations such as Bulgaria as good bets for office and retail commercial property throughout 2008 – and above all other forms of property investment, they fall heavily in favour of commercial property investment in 2008 rather than residential.

The Russians seem to be in agreement with the findings of the report, they have just committed to a thirty million dollar real estate spend in Golden Sands. The money is being internationally financed and the company behind the venture is Etalon-Len-Spets SMU who have previously only constructed and invested in Russia. This is being seen as a real confidence booster to the Bulgarian property market seeing as Etalon-Len-Spets SMU are using the nation as the initial platform for their proposed international expansion plans.

At the Balkan Property Exhibition (Balpex) it’s believed a whole series of commercial projects will be unveiled in Bulgaria. The exhibition is taking place at the Inter Expo Centre in Sofia, and among those projects being unveiled are eight mall developments proving the findings of the ‘Emerging Trends in European Real Estate 2008’ report that retail is the main area for potential success from commercial property in Eastern Europe this coming year.