While in most EU member-states the number of malls is on the slide due to the global economic crisis, their construction has accelerated in Bulgaria, marking a nearly 90% increase over one year.
A similar trend is also witnessed in other Balkan states - Bosnia&Herzegovina, Romania, Slovenia, Serbia and Croatia - but the growth rate there is 5-10%.
The stock of contemporary shopping mall space in Bulgaria doubled in the first six months of 2010 with the opening of five new shopping malls, reaching 452,000 sqm in total, according to a recent realtor report.
Another five shopping mall projects are expected to open until the end of 2010, which will add 126,000 sqm of contemporary stock to the market, according to Colliers International's retail market overview for the first half of 2010 in Bulgaria.
News source: Novinite.com link: article
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