Fri, Feb 10 2012

Construction output grows thanks to increase in infrastructure demand

Wed, Apr 22 2009 17:23 CET

byNick Iliev

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Construction output grows thanks to increase in infrastructure demand

In light of the economic downturn and the de-acceleration of the dynamics in the real estate market, construction entrepreneurs and companies are re-directing their attention towards infrastructure projects, analysis from the National Statistics Institute (NSI) for February 2009 has revealed, as reported by Stroitelstvo Gradut.

Construction output increased 6.3 per cent in January as opposed to December 2007 but fell 5.8 per cent against January 2007 figures.

Construction on buildings accounts for 68.5 per cent of the total, with a monthly growth of 3.1 per cent, whereas urban construction amount to 14 per cent of the total, with three per cent growth as of February 2008.

Real estate loans have increased by 2.7 per cent, whereas waste collection taxes soared by 7.9 per cent.


Source: propertywisebulgaria.

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Construction output down in euro area

Compared with March 2008, output in March 2009 dropped by 8.7 per cent in the euro area and by 10.5 per cent in the EU27, European statistical office Eurostat estimates.

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Construction free zone along the coast

Apart from banning all construction within 100 metres of the sea, the new proposals envision that all beaches, small and large, must be under municipal control.

4792 construction projects finished in Bulgaria in 2008

A total of 4792 projects have been certified as safe by authorities, amongst them hospitals, power plants, road reconstruction and rehabilitation projects and railway stations.

Construction decreases in eurozone, EU

Construction output in the euro area was 1.3 per cent less in September 2008 than the previous month and 3.8 per cent less than in September 2007, according to figures released on November 19 2008 by European statistical office Eurostat. From August 2008 to September 2008, construction output decreased 1.5 per cent, and the figure overall for the European Union's 27 members was 3.1 per cent less in September 2008 than for the same month in 2007.

TOURISM BAROMETER: Hyper-construction concerns in Bulgaria

A slew of tourism resort proprietors renewed calls on developers to refrain from hyper-construction and from going beyond prescribed development deadlines. The call comes days after the construction season ending May 1 2008 began and as construction schedules both on the southern and northern coastlines rack up busy construction agendas. Elena Ivanova, head of the Union of Slunchev Bryag

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