Tue, Feb 07 2012

New home construction in Bulgaria down by a third

Tue, Sep 07 2010 12:17 CET

byDnevnik.bg

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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).

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Anonymous maybe Wed, Sep 08 2010 15:53 CET
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maybe developers start to wake up? how many of these will remain empty this time?


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