1. Latest News
  2. Submit Press Release
easyBG Ltd. Logo

Bulgarian Construction Sector Emerging from Crisis


 
 
Attractive modern house with lovely views in a nice friendly village of Stokite
Attractive modern house with lovely views in a nice friendly village of Stokite
SOFIA, Bulgaria - April 28, 2014 - PRLog -- Bulgaria’s construction sector is adapting to the market situation and is clearly showing signs of overcoming the crisis, according to the National Statistical Institute.

The construction of 591 residential buildings of 286,640 sq.m. gross floor area began in Q4 2013, NSI data show.

Residential buildings construction decreased by 14% and their total area – by 2.6% compared to Q3 of the same year.

The issued construction permits for residential buildings in Q4 decreased by 12%, for apartments - by 2.8% and by 9.1% for gross floor area. However, the decrease was mainly due to seasonal factors.

On an annual basis, construction permits for new residential buildings increased by 4%, 15.6%, and 14.2% for apartments and gross floor area, respectively.

The number of administrative buildings under construction has increased by 20% and the gross floor area has doubled in Q4 of 2013, compared to the same period of previous year. Nonetheless, construction permits in this segment of the market have dropped by 25%.

The largest number of new buildings is reported in the districts of Burgas - 147 residential and 98 other buildings; Plovdiv - 77 residential, 7 administrative and 54 other buildings; Varna - 52 residential and 31 other buildings, Sofia - 33 residential and 35 others buildings, Sofia (city) - 37 residential and 23 other buildings.

Courtesy novinite.com

All our new cheap properties are to be found at:

http://www.easyBG.com/?pocketmoney

Contact
easyBG
***@easybg.com

--- End ---

Click to Share

Contact Email:
***@easybg.com
Source:novinite.com
Location:Sofia - Sofia - Bulgaria
Industry:Real Estate
Tags:Cheap, Property, Bulgaria, Beach, Ski
Shortcut:prlog.org/12315566
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Trending News...



Like PRLog?
9K2K1K
Click to Share