New Market Research Report: Construction in Bulgaria - Key Trends and Opportunities to 2020

From: Fast Market Research, Inc.
Published: Fri Jun 10 2016

Timetric's Construction in Bulgaria - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Bulgarian construction industry, including:

* The Bulgarian construction industry's growth prospects by market, project type and construction activity
* Analysis of equipment, material and service costs for each project type in Bulgaria
* Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Bulgarian construction industry
* Profiles of the leading operators in the Bulgarian construction industry
* Data highlights of the largest construction projects in Bulgaria

Report Highlights

* The infrastructure construction market is expected to expand over the forecast period, driven by investments in road construction. The Bulgarian government approved the road infrastructure development strategy 2022 in September 2015 to develop, maintain and repair roads infrastructure across the country. The plan aims to develop a sustainable and efficient road network in the country and integrate it into the Trans-European transport system.
* According to the NSI, residential property prices increased in 2015, backed by growth in demand due to a decrease in unemployment, and improvements in business confidence and household income. The country's annual average housing price index grew by 2.8% from 92.0 in 2014 to 94.5 in 2015. The house price index of new dwellings rose by 3.5% from 98.8 in 2014 to 102.2 in 2015, while the house price index of existing dwellings rose by 2.3% from 90.2 to 92.3 during the same period.
* In terms of buildings permits, there has been clear evidence of improvement in residential and non-residential construction, according to the latest data from the NSI. The total number of building permits issued in the country grew by 1.1%, increasing from 8,755 permits in 2014 to 8,849 permits in 2015. This was preceded by annual contractions of 2.2%, 4.2% and 9.7% in 2014, 2013 and 2012 respectively.
* According to the NSI, the total gross building area of new building starts grew by 38.2%, going from 2.2 million m2 in 2014 to 3.1 million m2 in 2015. Moreover, the total number of new residential building dwelling starts grew by 47.3% from 8,355 units in 2014 to 12,308 units in 2015, and the total floor area of new residential building starts grew by 53.8% over the same period.
* In June 2015, Bulgaria and Serbia signed an agreement to construct a gas pipeline between the two countries in a bid to increase the region's energy security. The 150km-long gas pipeline will be constructed between Nis in Serbia and Dimitrovgrad in Bulgaria, with an annual capacity of 1.8 billion m3 of gas. The project is expected to complete by the end of 2018.

Full Report Details at

Report Scope

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