Bulgaria's Construction Sector: Notable Decline Surpasses EU Trends
Recent data from Eurostat unveils a significant downturn in Bulgaria's construction industry, showcasing a more pronounced dip compared to the EU's overall production metrics
The construction market in Bulgaria in 2013 showed signs of resurrection, shows an analysis of the National registry of new buildings.
According to the data, there was an increase in demand and investments in vacation homes and office space.
The growth in construction in 2013 placed Sofia on the top place in built-up area in Bulgaria.
The demand of apartments in Sofia spurred a 15% growth in construction of residential buildings. The office buildings construction increased by 28%.
According to the registry, the demand of vacation homes drove the construction sector in Varna.
In 2013 the overall construction of residential buildings in Bulgaria grew by 16%. The forecasts are that this year the revival of the construction sector in the country will continue.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022