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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 RadomirtsiRadomirtsi
120 m2
€ 5500
house for sale
house SamovodeneSamovodene
360 m2
€ 110000
land for sale
land SofiaSofia

€ 259950

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

> 2009-06-23 Bulgaria ranked 4th as Top Real Estate Investment Destination
> 2009-06-23 English settlers at Bulgaria`s Black Sea coast sell their homes
> 2009-06-18 More than 80 property agencies in Bansko close down
> 2009-06-11 Only Russian buyers can save the Bulgarian property market
> 2009-06-09 Bulgaria Estates Reach Real Market Prices
> 2009-06-04 Turyan mayor: Number of foreign property buyers has decreased
> 2009-06-03 11% less newly built residential buildings for Q1 of 2009
> 2009-06-02 Property developer BLD will build holiday village near Kavarna
> 2009-05-28 Fall of the prices of residential properties from 16% to 38%
> 2009-05-28 Over 10 000 apartments owned by foreigners offered for sale
> 2009-05-22 Port of Burgas sells to its employees real estate owned by the company
> 2009-05-13 Project for new hotel complex in Teteven
> 2009-04-28 Hard year for the residential segment in Bulgaria and Romania
> 2009-04-10 The average renting price of offices in Sofia`s decreased by 18%
> 2009-04-08 New property project in Varna Breeze neighbourhood
> 2009-04-08 Mortgaged flats available on the Bulgarian real estate market
> 2009-04-02 State sells land in the Black Sea region - most preferred are near Kavarna and Aksakovo
> 2009-03-27 Golden Pearl resort near Varvara is illegal
> 2009-03-24 Big interest from Russian investors for properties in Sofia and BG sea-side resorts
> 2009-03-20 Russian stars purchase properties on the Black sea

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

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