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The number of completed housing projects in Bulgaria rose by 3.2% year-on-year in the second quarter of 2016, reaching 521, the country’s statistical office NSI announced on Monday.
The number of dwellings in newly built residential buildings increased by 15.6% on the year to a total of 2,248 for the period April-June 2016, the NSI said in a statement citing preliminary data.
Newly built dwellings with two rooms were 39.1% of the total in the second quarter of 2016, followed by dwellings with three rooms with a share of 27.9%.The number of dwellings with six and more rooms had the lowest share among newly built dwellings - 2.7%
Houses comprised 72.6% of all housing projects completed and ready for use in the second quarter of 2016,followed by blocks of flats with a share of 15.3%.
Plovdiv Region led in terms of the number of residential buildings completed in the second quarter (81) followed by Burgas (80) and Varna (79), the NSI said in a statement.
Bulgaria’s entry into the Eurozone marks a defining moment for the country’s real estate sector.
The housing market in Bulgaria is undergoing notable shifts, with buyers increasingly prioritizing location and accessibility over sheer size.
Property values in Sofia have surged by approximately €500 per square metre over the past year, according to data from one of Bulgaria’s largest real estate agencies. Across the country’s main cities, housing costs climbed by 20% in the final quarter of 2
Two-room dwellings make up the largest portion of newly built homes in Bulgaria, according to data for the fourth quarter of 2025.
In 2024, about 68% of households across the European Union were owner-occupied, a slight decline from 69% in 2023, according to Eurostat data. The remaining 32% of the EU population lived in rented homes, up from 31% the previous year.
Bulgaria is facing a sharp rise in construction material costs, which experts warn will drive property prices higher. Svetoslav Zhekov, chairman of the Chamber of Builders in Varna
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