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Real Estate Briefing - Categorized | Construction, Emerging Trends, Market Moves more

Bulgarian construction market shrinks further

Posted on 31 July 2009

From Sofiaecho.com: If the Bulgarian construction sector was to keep its first-quarter development pace, the industry would see a 25 per cent drop in the number of new construction projects to come to the market in 2009 compared to the year before, estimates from Arco Real Estate, the local office of Estonian real estate group Arco Vara, said.

Sofia was headed for a 32 per cent year-on-year drop, whereas Varna and Bourgas faced declines of 32 and 14 per cent, respectively, the agency said………..Full Article: Source


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