Construction in Bulgaria to stabilise in late 2011
According to the report “Construction sector in Bulgaria 2011 – Development forecasts for 2011-2013”, published by the research company PMR, civil engineering infrastructure will be the driving force of the recovery of the Bulgarian construction market in the years to come. In line with the priorities of the European programmes, road infrastructure together with ecological construction is attracting the interest of many construction players. In fact, in the last two years there is a marked tendency for the more adaptive construction companies to restructure from building to engineering construction, confirming the accuracy of the expectations for the segment’s future development.
From 2012 engineering construction will start to develop faster, supported by the active launch of the procedures under the Operational Programs for: Regional Development, Transport and Environment, which will provide financial resources of €4bn by 2013 for the implementation of different infrastructural projects. Utilisation of these resources will allow construction companies operating under these programs, as well as related industries and suppliers, to constantly mitigate, reduce and overcome the negative effects of the crisis. However, all depends greatly on the capacity of the public administration to accelerate the absorption of EU structural funds. Another encouraging sign is the expected investments in the energy sector in upcoming years, which should firmly establish the energy sector as one of the most dominant in the economy and as one of the driving forces in the construction industry.
In residential construction the slow recovery from the crisis is set to continue in 2012. The balance between supply and demand is gradually restoring resulting from developers’ low investment activity. Some slight movement in the construction market is expected during the second half of 2011, activating investors in the segment and reviving the reduced supply of new residential properties. In 2011 some stabilisation of sales and rental prices in the segment has occurred. For the country as a whole it is possible to register a slight growth. Increasing flexibility and buyers’ ingenuity are leading factors in the market’s reactivation. The first half of 2011 featured a larger total number of residences sold compared to H1 2010 albeit at much lower prices.
As a result of a slowdown in the housing market, only 15,800 dwellings (almost 1.1 million m²) were completed in 2010, down by more than a third relative to 2009. PMR expect the downward trend to continue in 2011 with around 12,000 dwellings being completed, mostly the result of a reduced number of housing starts in 2008-2009. However, the long-term outlook for the residential construction sector is much more positive.
This press release is based on information contained in the latest PMR report entitled ”Construction sector in Bulgaria 2011 − Development forecasts for 2011-2013” http://www.pmrpublications.com/online_shop/Construction-sector-Bulgaria-2011.shtml
For more information on the report please contact:
tel. /48/ 12 618 90 00
PMR (www.pmrcorporate.com) is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern European countries as well as other emerging markets. PMR's key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). Being present on the market since 1995, employing highly skilled staff, offering high international standards in projects and publications, providing one of most frequently visited and top-ranked websites, PMR is one of the largest companies of its type in the region.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Construction in Bulgaria to stabilise in late 2011 here
News-ID: 193000 • Views: 1271
More Releases from PMR Ltd
60% of Polish SMEs use IT services
Approx. 60% of small and medium sized enterprises use IT services in Poland. Some 30% of SMEs declare to employ people responsible for IT. The number of portable computers used by SMEs has been growing. On average, there are five such computers per one SME. The proportion of companies which use EU funds to finance ICT development has gone down over the last two years. Use of IT services According to the
Ukrainian IT industry to keep on growing in 2012-2013
In the last two years Ukrainian IT market has been recovering after a sharp decline experienced in 2009. The market will continue to record double digit growth rates in 2012-2013. The macroeconomic and political situation will remain of crucial importance in the country. Current situation and key trends According to the latest report “IT market in Ukraine 2012. Development forecasts for 2012-2017” published by PMR, a market research company, the total
Retail grocery market to provide €117bn in 2014 in the CE region
PMR estimates that in 2011 the grocery market in six Central European (CE) countries was worth nearly €107bn, 2.8% more than the previous year when expressed in local currencies. The increase was generated foremost by the discount stores and supermarket segments, and was driven by the skyrocketing prices of foodstuffs. Schwarz Group, which operates the Lidl and Kaufland chains, is a leading grocery player in the CE region – as
Hungarian construction market to recover in 2013-2014
After a poor 2009-2012 for the Hungarian construction industry, from 2013 a visible market recovery is expected. The growth in 2013-2014 will result from the intense execution of EU co-financed infrastructure investments as well as some revival in building construction, particularly in non-residential buildings. According to the research company PMR’s latest report, entitled “Construction sector in Hungary 2012 – Development forecasts for 2012-2014”, weak macroeconomic environment, falling investment demand and poor
More Releases for Bulgaria
Study in Bulgaria In English
Over the most recent few years Bulgaria is consistently turning into an interesting area for youthful daring voyagers, Europeans anxious to migrate to a tranquil and inviting state with safeguarded nature, wonderful ocean, captivating mountains and to wrap things up amazingly moderate average cost for basic items. It is stunning how Bulgaria, the most established state in Europe, has figured out how to keep its name and domain for more than
Agrochemicals Market in Bulgaria
ReportsWorldwide has announced the addition of a new report title Bulgaria: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Bulgaria: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Sitel wins Human Resources Award in Bulgaria
National Golden Prize Award “Human Resources” from HR Magazine and Foundation “Human Resources in Bulgaria and EU Integration” for Employee Commitment Dusseldorf / Sofia, June 2015 – Sitel, one of the global leaders of outsourced customer experience management, has been granted the National Golden Prize Award for human resources 2015. By this award, the board of HR Magazine and foundation “Human resources in Bulgaria and EU integration” acknowledged Sitel’s record in
SEO Conference 2013 Bulgaria
On March 22, over 400 people are expected to arrive at the Inter Expo Center Sofia in Bulgaria for the SEO Conference 2013. As noted on the SEO Conference Bulgaria – official site, the event, which will take place from 9 a.m. to 7 p.m., is the country’s main conference that focuses on search engine optimization and marketing. It is also an outstanding meeting place for customers, optimizers and representatives
Construction market in Bulgaria 2009
The economic slowdown, a less substantial inflow of foreign capital, limitations on mortgage lending and a weaker economic climate among construction companies will cause the construction market in Bulgaria to start to decelerate in 2009. Civil engineering, which will continue to grow slightly in 2009, will not fully redress the decline in residential and non-residential construction. After impressive growth between 2005 and 2007, in H2 2008 the construction market in Bulgaria
CSA Bulgaria provides speakers for the Marketing Forum in Bulgaria
Sahar Hashemi and Jay Conrad Levinson will be among the key-note speakers at the Second Marketing Forum in Bulgaria, organized “Capital” business weekly. Both key-note speakers are provided by CSA Celebrity Speakers Bulgaria, who officially opened its Bulgaria office in Nov. 2007 Sofia, Bulgaria – Sahar Hashemi – co-founder of Coffee Republic and Jay Conrad Levinson - the father of Guerilla Marketing will both participate with keynote speeches at