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Bulgaria suffered a drastic drop in home prices in the Q3
2009-12-11 13:53 News from Dnevnik.bg

Bulgaria has suffered a drastic drop in home prices in the third quarter, with the 28% year-on-year decline softer only than in Latvia and Estonia, according to the latest report of UK-based real estate consultancy Knight Frank.

The estimate ties up with figures released by Bulgaria`s statistical office, the National Statistical Institute (NSI).

NSI said on Thursday civil construction and engineering has rebounded by 2.3% in October compared with September but shrank by 15.3% on an annual basis.

Building construction plummeted a double 30.6% in October from a year before, the NSI said.

The general construction market saw a 13% decline for the ten months, with building construction to blame for much of the contraction with its 17.7% year-on-year fall. Infrastructure projects between January and October recorded a 2.3% drop.

The NSI said the numbers highlight the trend that construction entrepreneurs are shifting their focus to infrastructure development.

This News is listed at news.Guide-Bulgaria.com

house for sale
house GeneralovoGeneralovo
100 m2
€ 22500
house for sale
house TrustikovoTrustikovo
60 m2
€ 35000
land for sale
land KurdjaliKurdjali

€ 24000

Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]

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Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]

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