Bulgaria is ushering in the new year with impressive figures in the construction industry! According to the latest data from the National Statistical Institute, 1,535 new residential buildings were commenced in the last quarter of 2023, marking a 22.6% increase compared to the same period the previous year. Currently, 7,382 apartments and houses are actively under construction!
Construction Boom: Bulgaria Experiences a Surge in New Developments!
The most impressive numbers come from the cities of Sliven, Kardzhali, and Silistra, where construction is witnessing a colossal growth, reaching 455%, 400%, and 300%, respectively. And this is just the beginning! Permits for the construction of new residential units have also increased by 19%, with a total number of 16,788, with astonishing growth in Kardzhali reaching 736%, as well as significant growth in Haskovo (+300%) and Ruse (+290%).
Ideal time for investing in Bulgaria:
This construction boom not only supports the economic development of the country by creating new job opportunities but also brings tremendous benefits to property buyers. Demand for apartments and houses remains high, and developers are actively expanding their projects not only in major cities but also in smaller towns.
Preference is given to private houses, reflecting a shift in consumer preferences. This is an ideal time for investors and property buyers in Bulgaria, as the market offers a vast variety of options for acquisition.
Special offers of real estate abroad
- € 2 200 000
- House, For sale
- ID: IT-39-129702
- Greece, Aegean Islands, Alonisos
Seashore villa for sale with pool and garden - Alonissos, Greece
- € 720 000
- Apartment, For sale
- ID: LV-163935
- Latvia, Riga, Centre
Luxury iving in a brand new premium townhouse overlooking a park with a pond in the very center of Riga
- € 6 500 000
- House, For sale
- ID: ES-248-170785
- Spain, Costa del Sol, Marbella
Villa Ellen, incredible modern villa with impressive amenities in La Quinta.
- € 2 800 000
- Mansion, castle, estate, For sale
- ID: IT-39-165406
- Italy, Toscana, Siena
FARMHOUSE WITH POSSIBILITY OF SPA CENTER IN VAL D'ORCIA
- € 1 150 000
- House, For sale
- ID: IT-39-129710
- Greece, Aegean Islands, Alonisos
Modern style villa for sale on Alonisos Island, Greece
- upon request
- Apartment, For sale
- ID: LV-163139
- Latvia, Jurmala and region, Bulduri
Unique apartment at the sea side in Jurmala – worse to see.
- € 3 350 000
- House, For sale
- ID: IT-39-129711
- Greece, Aegean Islands, Alonisos
For sale: two luxury villas with pool and land on the island of Alonisos - Greece
- € 2 250 000
- House, For sale
- ID: IT-39-99453
- Italy, Lombardia, Milan
Historic Farmhouse with Private Park in Peschiera Borromeo (Milan, Lombardy)
- € 33 540 000
- Penthouse, For sale
- ID: OW-OAE-165616
- UAE, Dubai, Dubai Marina
THREE LEVEL PENTHOUSE WITH STUNNING VIEWS IN DUBAI
