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Bulgaria New Residential Construction Continues Unabated
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A total of 5 888 new apartments have appeared on the market in the period April-June, which is up by 51% over the first quarter of the year. Photo by BGNES
The momentum in Bulgaria's real estate boom continues despite the financial crisis with the number of newly constructed residential buildings marking a 24% increase in the second quarter of the year, official data shows.
A total of 5 888 new apartments have appeared on the market in the period April-June, which is up by 51% over the first quarter of the year.
The coastal cities of Varna and Burgas lead the ranking with 1 600 and 1000 new apartments respectively. The capital comes in third with no more than 549 newly-built flats, located in 35 residential buildings.
Nationwide, the construction of residential buildings in the second quarter of the year gained 7% over the same period last year.
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