Eastern Europe, in the spotlight
July 12th 2008 08:28 pm
Spanish developers and investors also consider emerging markets from Eastern Europe as an objective. Countries as Poland or Bulgaria offer business opportunities and high levels of profitability to the most skilful investors. So far, Bulgarian market counts on one of the broadest representations in SIMA. “Bulgaria has successfully culminated a transition from dictatorship to a democratic government. Besides, Bulgaria is a European Union member, which means that macroeconomic stability and constant growth are essential features of its emerging economy”, explains Santiago Herreros de Tejada. Companies such as Inmoban or Bulgaria House will be participating in SIMA’s tenth edition.
But, without any question, the leading actor from Eastern Europe in SIMA08 will be Romania, with a population of 22 million inhabitants and the biggest country from the Balkans. Because its dimensions, it is widely accepted that this country is the best-positioned candidate to become the leader of the area. In fact it is the most remarkable business destination for investors because, among other reasons, its key location in the European map. “Romania is an EU member state but, when compared to other countries, properties prices are still low. We count on a big potential in residential market too: 90% of Romanian people have considered to purchase a new home in the next ten years, and in fact, 40% of them have stated that they actually will do so”, points out Ilias Papageorgiadis, general director of More Internactional Invest.
SIMA is a key opportunity for numerous companies which have been working in Eastern Europe for a long time. “We know that this event has a great impact and it gathers all the conditions we value in a business platform. Our goal in SIMA is to enlarge our client portfolio. Currently, we are working on our fifth development in Romania, one of the most appealing Real Estate markets, and we think we will represent a great contribution to the long list of exhibitors participating this year in SIMA”, explains Yolanda Moreiro, from Corus Land. For other companies, SIMA is a business platform and a bridge between markets. “We will be in SIMA because it is the biggest Real Estate exhibition of the world and a bridge between markets from Europe, Asia and Latin America”, says Laurentiu Bujdoveanu, general director of Moscopolis Business Agency, from Romania.
It is also evident that one of the most outstanding delegations from Romania is Bucharest City Hall. Authorities from the local government will present, in a 198 square meters stand, the most important commercial and residential project of this city. So, developers interested in doing business in Eastern Europe will be able to take a first-hand look to all Real Estate proposals to be carried out in Romania’s capital city; and also, a broad range of land properties, buildings and other developments will be available for investors. Eastern Europe’s residential properties, from Poland, Bulgaria, Hungary and Romania, to be shown in SIMA08, represent a 32% over the total number of developments from foreign markets which will be commercialized during the fair.