Tue, May 22 2012

New home construction in Bulgaria down by a third

Tue, Sep 07 2010 12:17 CET

byDnevnik.bg

3462 Views 1 Comment
New home construction in Bulgaria down by a third

Photo: Tsvetelina Angelova

New home construction in Bulgaria shrank by more than one-third in the second quarter of the year compared to the same period of 2009, according to National Statistical Institute (NSI) preliminary data.

A total of 576 residential buildings were launched between April and June, which is down 20 per cent from the year-ago figure.

Newly-built homes there fell by 34.7 per cent to 4119.

The largest number of residential buildings were in Varna, on the northern Black Sea coast (116 buildings) and Bourgas, on the southern Black Sea coast (101 buildings).

  • Print
  • Send via email
  • Translate to
  • Share:

Comments

Anonymous maybe Wed, Sep 08 2010 15:53 CET
Report Comment

maybe developers start to wake up? how many of these will remain empty this time?


To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Residential property construction in Bulgaria declines in Q3 2010

Most of the new buildings were in the Black Sea areas of Varna and Bourgas, with 112 new buildings with 831 flats and 95 buildings with 888 units, respectively.

Short stay

What are the reasons for Britons abandoning Bulgarian property?

Planning fallacy

Bulgaria's state-owned power utility NEK accused of underinvestment in grid maintenance

Bulgarian construction sector marks an increase in Q2 2010 - report

Data reveals that construction permits increased by 46 per cent, while actual construction soared by about 70 per cent.

More in this category

Bulgaria's real estate market stabilising - realtors

Worst is over for Bulgaria's property market after three years of decline, reports by Yavlena and Bulgarian Properties real estate firms claim.

Bulgaria plans bill to weed out rogue real estate agents

Draft law envisages professional association for real estate agents and a public register of real estate companies to bring order to the business and get rid of rogues and rip-off artists.

Landmark Centre Varna to be offered for sale on March 21

Landmark Centre Varna’s financial reports show its largest debt is an investment loan of 6.9 million euro issued by Eurobank EFG Bulgaria in mid-2008 and secured with a mortgage.

Raiffeisen Real Estate: Prices of Sofia homes returned to 2007 levels

Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.

Most property sales in Bulgaria were people wanting to escape their investment – report

Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.