Monday, 12 March 2007

Property funds grappling with tight funding

Bulgarian property funds developing or prepping to start projects are facing financial difficulties, market representatives told Dnevnik. The global economic doldrum has dampened demand and frozen prices on the property market, where some segments are even seeing downward price revisions. The next six months would be hard for real estate investment trusts (REITs) that are yet to raise funding, executive...